Fed decision and Brexit: preliminary market reaction

29 October 2019

Fed rate decisionDear clients,

Shortly before the scheduled Fed meeting, the American dollar is traded in different directions. Traders expect the rates lowering decision, which was already taken into account by the markets. Analysts contend that the dollar rate will change if it becomes known that the Fed does not plan to lower the rates.

Also, the market is concerned about Brexit. London awaits The European Union's decision of exit date of departure from EU: whether reschedule again?

Trading recommendations:

Dollar declines against Euro and rises against Yen, consider buying EURUSD, USDJPY.

Fed decision and Brexit: preliminary market reaction

 

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