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A raft economic data are due out of the UK this week ahead of a Bank of England policy decision. Inflation and retail sales figures will be released at 09:30 GMT on Wednesday and Thursday, respectively, to be followed by the BoE announcement at 12:00 GMT on Thursday. But with the UK Parliament in deadlock over Brexit and the European Union refusing to give further ground on the Irish backstop issue, pound traders will likely stay on the sidelines until some clarity is shed on what comes next.
The Fed will announce its policy decision on Wednesday, at 1900 GMT. Markets seem positioned for a “dovish hike”, where the Fed raises rates but lowers its rate-path forecasts and strikes a cautious tone. However, considering just how dovish market pricing for 2019 is, the risks surrounding the dollar seem to be asymmetric, and skewed to the upside.
In the past few weeks, investors have meaningfully pared back their bets for Fed rate hikes in 2019. Yet, the implied probability for a rate increase at this meeting has remained relatively stable, at around 65-70% according to the Fed funds futures.
Markets seems to have adopted the view that although the US economy is still healthy, allowing policymakers to raise rates for now, some “cracks” are beginning to show in key sectors like housing, which are set to spill over into slower growth in the rest of the economy next year. Thus, the logic goes, the Fed will probably pause its tightening cycle soon, in the face of a slowing economy.
This repricing was owed mainly to speeches by Fed Chair Powell and Vice Chair Clarida, which were interpreted as having a dovish tilt. Alas, their cautiousness may have been exaggerated, as neither official implied the Fed is ready to hit the pause button. More importantly, recent US economic data remain healthy, hardly warranting a pause.
Eur/Jpy ki Aj Market Kafii Hadh Tak Down Ja Rahii Hai Mujhe Lagta Hai K Aj Market Kafii Down Hogii
Mera Jo Andaza Hai Market Down He Hogii
Main Umeed Krta Hun Ap Humarii Es Ray pr Pora Utry Gan
Good luck
Current rate:125.7319
My dear sir today my Technical analysis for EUR/JPY market trend is Bullish.
Today Resistance level :
1= Resistance level is: 129.21
2= Resistance level is: 129.90
3= Resistance level is: 130.31
Today supporting level :
1= Supporting level is : 128.51
2= Supporting level is : 128.21
3= Supporting level is : 127.72
Daily updates for the pair Eur/Jpy
this pair always gives me a good profit on every trade .today its move is much better than previous .The money management of the trading trend is very effective for getting profits with the stop loss and take profits method of getting with current trade position.
Today Trend for this pair is : sell
over all up movement; 126.71
Market Pevot point : 126.81
over all Down movement : 125.97
Running point of today market; 125.99
My judgments always make me to control the forex market movement. But please you always put a take loss in your trade for reduce your risk. Best of Luck
Hello sir I present my analysis about eurjpy. It is a very fast moving pair. That is why there is a lot of chances to get profit form this. You will see in picture the trend of the market is string Bearish .Downtrend and market will remain downtrend in next few days according to my prediction.:1f61a:Quote:
Originally Posted by Anytime
R3: 127.53
R2: 127.15
R1: 126.56
PP: 126.21
S1: 125.59
S2: 125.21
S3: 124.62
**go for sell**