Donald Trump renewed criticism of the Federal Reserve | 04 March 2019

04 March 2019, GBP/USD

Donald Trump renewed criticism of the Federal Reserve

GBPUSD trading plan:

The European Union is ready to give the UK a respite on Brexit. This event has already been taken into account by the market and will not have a strong impact on the trading of the British currency. The interesting news is coming from the United States. Donald Trump renewed criticism of the Federal Reserve and said the U.S. central bank's tight monetary policy was contributing to a strong dollar and hurting the United States' competitiveness. Trump, who has made the economy a key part of his political platform, has repeatedly criticized the Federal Reserve and its chairman, Jerome Powell, whom he appointed to head up the Fed, for raising interest rates. The U.S. central bank recently has signaled that it will be "patient" before tightening monetary policy further. This is a negative signal for the dollar!

Trading recommendation: Buy 1.3170 and take profit 1.3225.

David Johnson
Analyst of «FreshForex» company
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