Buy on a level breakthrough of 1118 with 1132 target. Stop loss = 1104.
Reason for the trading strategy
Following the statement made by Stanley Fischer, Deputy Chairman of the US Federal Reserve, market participants are rescheduling the first raising of the US federal funds rate and postpone it (until December 2015). Yesterday, he said that the US Federal Reserve was worried by the low inflation rate. According to the June totals, the annual growth rate of the US consumer price index was 0.1%, remaining 20 times lower than the US Federal Reserve targeted value of 2%.
Reason for the trading strategy
Following the statement made by Stanley Fischer, Deputy Chairman of the US Federal Reserve, market participants are rescheduling the first raising of the US federal funds rate and postpone it (until December 2015). Yesterday, he said that the US Federal Reserve was worried by the low inflation rate. According to the June totals, the annual growth rate of the US consumer price index was 0.1%, remaining 20 times lower than the US Federal Reserve targeted value of 2%.