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Before the second May holidays, the United States will intervene in the dollar

Anastasia Ignatenko, a leading analyst GK TeleTrade: Not only in Russia, a public holiday was on 1 May, on Monday the stock exchanges of Europe and the UK were closed , so we don't miss something interesting.

05.May.17 6:26 AM
By Christina Orlina


Before the second May holidays, the United States will intervene in the dollar
However, today begins a two-day meeting of the fed, this means that on Wednesday evening the fed will announce its decision about the interest rate.

None of the experts expects that at the next meeting the fed will have to change something. Rather, players will focus on supporting the review and future evaluations. Will the balance of power in favor of a more aggressive promotion? If so, the dollar could receive a major boost.

Besides the first Friday of the month in America published data from the labor market and the unemployment rate for the previous period. In March, unemployment fell from 4.7% to 4.5%. If the rate will be kept at the minimum level, it is possible to consider positive.
Predictions about the number of jobs outside agriculture yet.

Earlier I mentioned the fact that on the daily chart of USD/RUB we have a figure of turn a descending "wedge" and that it will start its full implementation, provided a breakdown of these levels and of 57.20 57.50 the ruble. The purpose of the growth figure represented by the area 59,50 ruble.

As for the EUR/RUB, the first stage of the presidential elections in France did the trick - back interest in euros, and managed to go beyond the multi-month resistance. The pair were only confident to gain a foothold above the level of 62.50 rubles, then to safely continue the growth towards the level of 65 rubles. This scenario seems the most likely in case of a victory of the Macron in the second round, scheduled for may 7.

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