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01.02.201911:37 Forex Analysis & Reviews: Trading Plan 02/01/2019

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.

The big picture: We are waiting for data on employment in the US.

The main plots in recent weeks have become clear.

The ECB is firm in its super-soft policy are there is no increase in the rate at least until Autumn.

On the other hand, the Fed's soft policy have no promise to raise the rate.

The question about the shutdown in the USA has been postponed until February 15. It is most likely that there will be no more stopping of financing.

The US-China trade negotiations are being delayed.

Concerning the UK-EU agreement on life after Brexit, Theresa May is trying to gather Labor support and promising them concessions on other important issues. However, the pound shows that the markets have already laid in prices for Britain's exit from the EU without an agreement.

The question of employment (nonpharma) in the USA for January remains with a forecast of adding 160 to 180 thousand.

A strong deviation from the forecast can swing the market.

We are ready to buy euros from 1.1515 .

We are ready to sell the euro from 1.1285.

Exchange Rates 01.02.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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