Trading signals this week: Fed and Bank of England rate decisions

18 March 2019

fed minutes of march 2019Dear clients,

On March 20th at 6pm GMT US Federal Reserve System announces its rate decision. That's the key event of March.

Check out trading forecast of the leading FreshForex expert Catherine Main:

“Fed is likely to leave the rate unchanged — Chicago Mercantile Exchange indicates a 100% probability of such an outcome. The Central Bank will note the inflation slowdown, which will support the stock market and negatively affect the US dollar rate. On Wednesday consider buying #McDonald, #SP500, #Google, #DJI30 and selling USDTRY, USDMXN.”

On March 21st at 12:00 noon GMT Bank of England will make a decision on interest rate. With its help, Bank of England affects interest rates of commercial banks, inflation rate and British pound rate.

FreshForex analyst Catherine Main tells what to expect from this decision:

“The decline in industrial output will force Bank of England to decrease GDP forecast for the current year. On Thursday consider buying #FTSE100 and selling EURGBP, GBPCAD.”

Prepare for volatile market and protect your deposit with Stop-out insurance.

If you have any questions, don't hesitate to contact us:

 

Good luck in trading!
FreshForex — forget other brokers.

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