Currency market review 19 March, 2019

by @agcc
Currency market review 19 March, 2019

What we see in the market?


Despite the speculative corrective downward movement of the dollar πŸ‡ΊπŸ‡Έ against some currencies, in general, the dollar feels stable and confident.


The Fed hints at a softening of the monitored policy, but one should not deny the fact that the dollar continues to be the most sought-after world currency. The global trend remains upward. The general mood of the market is bullish.


Smoothly, the price of the European πŸ‡ͺπŸ‡Ί currency is approaching a key resistance area, expressed by the sloping line of the global downward market. From this area a couple of weeks ago, we already saw a good bounce down.


Most likely the current week will be held in the framework of the correctional movement, which will be accompanied by low volatility.


After the decision on a soft Brexit, the market reacted with a rise in quotations of the British pound πŸ‡¬πŸ‡§. The naked eye can see that growth without increasing the volume, and therefore created artificially.


Conclusion sooner or later a powerful collapse can occur. Probably, for this, some insignificant news or macroeconomic statistics will be compromised. While the market is not very stable. Market makers made a real roller coaster.

March 19, 2019
by @agcc