The Bank of England kept its monetary policy at yesterday’s meeting, but announced that it does not consider negative rates as a mandatory instrument and will not introduce them without warning at least six months in advance. The verbal attack was successful, the pound jumped 130 points from the day’s low, closing the day by 27 points. This morning, inertial growth continues, but it is unlikely to be significant, as in the evening US employment data and forecasts for them are optimistic: the growth of jobs in the non-agricultural sector is expected to 50,000 after December – 140,000. The Marlin oscillator continues to move sideways on the daily chart. The task is the same – to gain a foothold below the 1.3648 level, in order to calmly go to 1.3550 and 1.3500.


The price went above the MACD line on the four-hour chart this morning, while Marlin is in the growth zone. The price may rise to the local high of 1.3710 before the release of US statistics.


The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.