Investors anticipated signals regarding a federal funds rate cut in September, but not to this extent. Even Jerome Powell’s references to the Fed’s apolitical stance can be interpreted as a clue. Let’s discuss it and make a trading plan for the EURUSD.
Highlights and key points
The Federal Reserve discussed a rate cut in July.
It will most likely do that in September.
Markets were nervous, but the central bank reassured them.
Employment data in the US will be a reason for building up positions in the EURUSD.
Weekly fundamental forecast for dollar
The Federal Reserve stays out of politics,… Read full author’s opinion and review in blog of #LiteFinance
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