For Traders

Analytical Reviews

25.09.201510:43 Forex Analysis & Reviews: Global macro overview for 25/09/2015

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.

Global macro overview for 25/09/2015:

During yesterday's speech at the University of Massachusetts, Fed Chair Janet Yellen reaffirmed the central bank's intention to tighten the monetary policy by raising the short-term interest rates this year. As the recent documents from the Fed meeting last week showed that 13 out of 17 Committee members expect rates hike this year, the question remains if the Fed will decide to raise the rates in December or even October? So far the Fed decision was accompanied by the press conference and the next Fed meeting with press conference is scheduled for December, not October. This is why, any interest rate hike in October would be a huge surprise for the markets and a game-changing move for market participants.

The EUR/USD daily technical picture show a failed attempt to break out the 1.1297 resistance and a decline towards the technical support at the level of 1.1086. Any breakout lower will directly expose the level of 1.1017 for a test.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.