The participants of the market were not impressed with the text of the minutes of the meeting of the Federal Committee for Open Markets. Despite the fact that the Fed continues to pawn another increase in the refinancing rate this year, that is, in December, all members of the committee expressed concerns about low inflation. Thus, only on Friday, when the inflation data comes out, all questions regarding the policy of the Federal Reserve will be removed. In the meantime, investors paid more attention to a temporary lull in the Catalan question.
Today, there is an occasion to start a turn both in terms of the single European currency and the pound. First, there will be data on industrial production in Europe, whose growth rates may slow from 3.2% to 2.5%. Equally important will be data on producer prices in the US, as they precede tomorrow's inflation data. It is expected that the rate of growth in producer prices will accelerate from 2.4% to 2.5%. This development virtually eliminates all doubts about the potential for inflation.
The euro / dollar currency pair, showing an active upward interest, reached the resistance level of 1.1880. It is possible to assume a slowdown, with the return of short positions towards the value of 1.1815.
The pound / dollar currency pair has reached a periodic resistance level of 1.3250. Probably assume that the current value will play into the hands of the sellers, adjusting us to 1.3155.