The US labor market report for July indicated a slowdown in employment across all indicators. This increased the likelihood of an impending recession and raised the probability of the Federal Reserve adopting a monetary expansion policy. Let’s discuss this topic and make a trading plan for the EURUSD pair.
Highlights and key points
A cooling job market means the Fed may cut rates sharply.
The markets fear an impending recession.
The US dollar was hurt the most.
The EURUSD risks rising to 1.1015 and 1.111.
Weekly US dollar fundamental forecast
If Jerome Powell had been aware of the current information,… Read full author’s opinion and review in blog of #LiteFinance
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