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Business / Finance

Forex forecast and forecast of the cryptocurrency at 04 – 08 Feb 2019.

MQL5: Blogs Traders 02.02.2019 at 14:47

Blogs traders and analyst of financial markets

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

– EUR/USD. In General, the week did not bring any surprises. Nobody expected rise of interest rates by the fed, but investors worried about comments by the leadership of the Federal reserve over plans for 2019. And here is their apprehension regarding the "dovish" comments were completely justified. Instead of specific promises, the regulator said that a decision on further rate hike must take into account global economic factors and be extremely prudent. This uncertainty has caused a sharp selloff of the dollar, causing the pair soared to the upper limit of the medium-term sideways channel 1.1300-1.1500. However, then the situation calmed down and the pair turned to the South.