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Business / Finance

Forex forecast and forecast of the cryptocurrency on 28 Jan – 01 Feb 2019.

MQL5: Blogs Traders 26.01.2019 at 15:12

Blogs traders and analyst of financial markets

First a few words about the events of the past week:

– EUR/USD. Dovish rhetoric of the ECB President Mario Draghi during a speech on Thursday 24 January at some time get a couple to the lower limit of the medium-term sideways channel 1.1300-1.1500. However, the joy of bears was short-lived – making at the level 1.1289, the pair reversed and on Friday evening came back to the Central line of the channel in the 1.1400 area. Which is understandable – a closer look nothing special, Draghi said. Noting some strengthening of the labor market and reducing risks to the Eurozone economy, the ECB President stated that the new QE now does not make sense. At the same time frame for a first rise in interest rates in Euro remain unchanged.

as for the dollar, the situation is reverse. Last published in The Wall Street Journal has strengthened investors in opinion that the fed will soon complete the cycle of monetary policy tightening, and it will happen sooner than expected;