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Fed cuts the interest rate, it’s Bank of England turn

Yesterday, September 18, the US Federal Reserve cut the interest rate by 25 basis points, but despite this, it remained unclear for the markets whether the Fed would lower rates further. The dollar did not decline after the Fed conference, and gold, on the contrary, lost ground and fell below $1,500.

Economic calendar
The Bank of Japan published preliminary data on monetary policy and refrained from additional economic incentives.

11:30 (GMT+3) August retail sales were published in the UK. A decrease in sales volume is -0.2% as was expected.

14:00 (GMT+3) the decision on the interest rate (September) of the Bank will be released. Analysts believe that the rate will remain unchanged at 0.75%.
Economic calendar Sept 19
Oil. Oil fell after the publication of the US report on crude oil reserves – US reserves rose by more than 1 million barrels. On Thursday morning, WTI crude oil is $58.2. Brent futures are trading near $63.9.

Gold. The protective metal fell on Wednesday but is recovering on Thursday. In the morning, it is trading around $1,496.3.

Currency. On Thursday, the DXY dollar index is down 0.2% after rising Wednesday night. In the morning, DXY is 98.3 against the basket of major currencies.

On the morning of September 19, the dollar is down 0.3% against the yen. In the morning, the pair USD/JPY is trading at 108.

The euro (EUR) strengthens on Thursday. In the morning, the EUR/USD pair is trading near 1.1059.

Today, the Bank of England will publish the interest rate and hint at the country’s monetary policy. In this regard, the pound is growing slightly on the morning of September 19. GBP/USD is trading at around 1.2474.

Cryptocurrency. Bitcoin (BTC) fell below $10,000 and is trading near $9,875. In the morning, Ethereum (ETH) is corrected by -2% and is trading near $206. Litecoin (LTC) is down 4.7% at $73.8.

 Trading Signals
(Interval one day)

Signals sept 19 fx Signals Sept 19 crypto

Important. This article does not contain any calls for transactions or trading recommendations. Traders are responsible for their decisions. The judgments presented here are the personal opinions of the author.