Over the past decade, the Fed used to be dovish; and now it acts hawkish. However, the previous viewpoint should manifest itself, sooner or later. Let us discuss the Forex outlook and make up a EURUSD trading plan.
Weekly US dollar fundamental forecast
Fed wanted to prove its hawkish stance but accidentally sent a dovish signal. Jerome Powell said that an additional 50-basis-point rate hike should be brought up for discussion at upcoming meetings, but a 75-basis-point hike is not something the Committee is actively considering. The derivatives market gave a 95% probability of the first big jump since 1994 in… Read full author’s opinion and review in blog of #LiteFinance