Sentiment in the market, continuing the movement from last week

Over the weekend there was no significant news to influence the market and expect currencies to continue their movement from last week. Dolarat is expected to continue to rise, after parliament spelled out earlier Wednesday the Fed removed the phrase “indefinitely” on interest rates, which raised speculation about their possible increase earlier than expected. Some analysts believe that can occur around mid-year. The euro will likely fall after it became clear that the ECB will raise incentives. JPY is also expected to continue to depreciate, since the Bank of Japan announced that they will continue the policy of “Abenomiks” to continue the incentives and demand the optimal inflation target of 2%, which weakened the yen against most major currencies.

 Varchev Traders

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