Trading opportunity 09:30 (GMT+1)

JP MORGAN

Yesterday, we wrote about the price of this stock who broke below a diagonal support line, as when we assumed that the price will continue to go down.
Daily chart:

jpm d 16.6.16
At the start of the trading day yesterday the opening price of the stock was 62.41, above the entry levels we set.
At the end of the day the price of the stock did went down, by 0.18%, and at the end of trading it was set on the price level of 61.97, lower than the previews day.
The trading volume was high once again and this hints us that another day of decline could happen.

For Forex traders:
Sell between the levels of : 62.00 – 61.90.
Stop loss point : 62.25.
Take profit point : 60.00.

For Binary options traders:
A put option between the levels of : 62.00 – 61.90.
Expiry time : June 16, the end of the trading day.

Market News Briefing – 08:00 (GMT+1)

As expected, yesterday the Fed left the rates unchanged, at 0.25% -0.5%, for the sixth consecutive time.
The last time the interest rates was raised was in December 2015.
The Fed statement said that recent macro data were mixed: “On one hand, there was a slow improvement in the labor market, on the other hand there was a growth in economic activity which gained momentum.”

The Fed lowered its forecast for US economic growth to 2% in 2016 from 2.2% in the previous forecast.
In addition, according to the Fed announcement, most of the Fed members still consider it necessary to raise the interest rates twice more by the end of the year.

Market News Briefing – 12:00 (GMT+1)

The conference of the Fed’s open market will finish its deliberations today and will publish the Monetary Policy Update.
The expectations is of no change in the policy, the same goes to the interest rates, to remain at the current level 0.25% -0.50%.
However, investors will follow closely after the words of Fed Chairman Janet Yellen at the press conference, including forecasts of future interest rate increases, if and when they will displayed.