The Euro keeps its hope alive. Overview for 18.11.2019


On Monday, the major currency pair is hoping to continue growing. 

EURUSD remains “in the black” on Monday. Demand for “safe haven” assets will be quite low as long as there is any hope whatsoever that the US-China trade talks end in success. The current quote for the instrument is 1.1060.

There won’t be any interesting reports from the USA and Europe in today’s economic calendar. 

This week, the US Federal Reserve is scheduled to publish the FOMC Meeting Minutes, which investors may find interesting. The possibility is that the regulator may provide details of its decision to loosen the monetary policy, as well as hint at further activities and possible rate cuts if necessary. 

The major part of the document may be devoted to the discussion on what economic outlook should be for the Fed to change its stance. 

As a rule, the FOMC Meeting Minutes is perceived as a very vivid speculative driver. It may well be that in case there are no other catalysts at the moment, this one will work just fine. 


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.