FX.co ★ Trading plan for EUR / USD and GBP / USD pairs on 09/26/2019

The most popular series of modern times set new records for cash collection. The British Supreme Court has joined in the endless dancing around Brexit, ruling that the suspension of parliament was illegal. The happy MPs huddled their sleeves into their favorite jobs and away they go. Jeremy Corbin, no longer embarrassed, calls himself the next Prime Minister. He promises to hold a new referendum on European Union membership within six months after his election and urges Boris Johnson to resign along the way. Even the Attorney General of the United Kingdom has inserted his five cents, saying that the current parliament is incapacitated and it is high time for it to disperse and call new elections. Looking at everything that's happening, Boris Johnson was forced to hastily leave the United Nations General Assembly and head to London to extinguish an unextinguished political fire. It turned out not to be particularly impressive -if at least something happened. So far, the incumbent prime minister has once again cast spells about fulfilling his promise to Brexit by October 31. For that, the House of Commons should not interfere with it. The parliamentarians politely listened to him, passing all his words past their ears and continued to put the sticks in the wheels. So, it's not surprising that the pound went down all day.

However, the strengthening of the single European currency against the background of all these political battles looks somewhat strange. Indeed, in the United States, they are once again trying to launch the franchise of the British blockbuster, but with their own specifics. The Democratic Party film studio once again announced the release of a pilot series of the television series entitled "Give the impeachment of Donald trump!" This time, the plot is being twisted around the upcoming US presidential election. The villains, played by Donald Trump, are blackmailing Ukraine's unfortunate President, Vladimir Zelensky, to provide him with compromising information on the best and most benevolent US presidential candidate, Joseph Bid. If Zelensky does not provide Trump with information about the corruption schemes used by Biden's son to seize the Odessa port, he will not provide Ukraine with the means to strengthen the army. In the opinion of the democratic film studio, supporters of the positive hero immediately called it pressure on the head of another state and unacceptable behavior for the president of the United States. And of course, the very fact of gathering incriminating evidence against your opponent is the worst mortal sin. Hence, across the Atlantic was fun too but the dollar is not cheaper in relation to the single European currency. Although in Europe itself it was quiet, like in a cemetery.

Apparently, investors are already fed up with all kinds of entertainment TV shows and just do not turn on the TV but they closely followed macroeconomic statistics. Instead, they followed closely the macroeconomic statistics that showed them an incredible rise in home sales in the United States by 7.1% not by 3.5%, as expected. Here is the explanation for the dollar's strange disregard for the hype in all kinds of mass media and disinformation.

New Home Sales (United States of America):

You can be sure that the information hype will not subside today. On the contrary, it will only intensify. But the macroeconomic data published today is much more significant than yesterday. After all, the final data on the United States GDP for the second quarter will be published today, which should confirm a preliminary estimate that showed a slowdown in economic growth from 2.7% to 2.3%. As if that were not surprising to anyone, it would certainly prove that, for the most honest media of agitation and disinformation, as well as an army of speculators, it would be another proof that a terrible and terrible recession is imminent. All the front lines will be buzzed by another prophecy of the Apocalypse and the like. In short, they will again begin to undermine the gentle childhood psyche of the unfortunate Jerome Powell, urging him to lower the refinancing rate several more times, ostensibly to save the American economy from the recession; like, only in this way you can avert trouble.

GDP growth rate (United States of America):

However, it is highly likely that the next pilot episode of the democratic film studio will again fail. Indeed, the most positive hero of their television series, so to speak, has a stigma in the cannon. At one time, in the presence of a couple of hundred people, and even on a television camera, he described how he demanded that Ukraine's previous president, Petro Poroshenko, sack the prosecutor general, or else the United States would not lend Ukraine a very small amount of money. That is, Donald Trump is essentially blamed for the same thing, for which they do not want to blame Joseph Biden. And of course, it is understandable that Donald Trump will put this argument on the table. So the Democrats' case is made with white thread, and another attempt to trigger impeachment may fall apart before it starts. Admittedly, this turn of events is likely to inspire investors. At least in the citadel of democracy, everything is calm.

The Euro/Dollar currency pair still could not resist in the region of the psychological level of 1.1000, where the recent correction served as a kind of regrouping of trading forces, and, as a fact, the downward positions returned to the market. It is likely to assume that the base point in the face of the value of 1.0926 will nevertheless be able to play the role of a support, slowing down the quotation and adjusting the price in the opposite direction against the background of the news flow, locally creating outbursts in the market.

The Pound/Dollar currency pair has worked out the level of 1.2500 once again, traced the impulse move in the direction of the subsequent value of 1.2350, where, as a fact, it slowed down. It is likely to assume a temporary bolt within the level of 1.2350, where it makes sense to apply the rebound/breakdown technique while working on the situation.