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14.12.201810:47 Forex Analysis & Reviews: Trading Plan 12/14/2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trading Plan 12/14/2018

The overall picture: the market analyzes the news.

The main headlines of the news has passed.

ECB Decision: A huge in size and time program completed to inject liquidity into the markets with 2.6 trillion euros for 4 years.

The ECB rates will remain low until the summer of 2019. However, the money received from the redemption of bonds is about to expire. Purchases by the ECB under the QE program will not be withdrawn from the market but reinvested again in order not to compress the money supply.

On the EU Brexit Summit: Theresa May did not receive new support from the EU to fight for the approval of an agreement with the EU in the British Parliament. Theresa May hoped to get new guarantees, especially on the border with Ireland. However, on the contrary, the EU leaders tightened the tone of the statement after the meeting.

Theresa May was told - we see your heroic efforts to advance the agreement - but we don't see results.

The pound fell but not much.

Pound: We are ready to buy from 1.2690.

Exchange Rates 14.12.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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