The decline in US Treasury bond yields and stock indices is prompting a renewed focus on the recession narrative, which is supporting the EURUSD pair. The greenback is facing pressure from investors calling for the Fed to slash interest rates. Let’s discuss this topic and make a trading plan.
Highlights and key points
Talks about recession in the US economy are not subsiding.
The US dollar is falling as investors demand the Fed to cut rates.
Unemployment claims could trigger new market turbulence.
The EURUSD pair may return to the upper boundary of the 1.08-1.1 trading range.
Weekly US dollar… Read full author’s opinion and review in blog of #LiteFinance
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