EUR/USD forecast: Remains confined in a broader trading range ahead of the key central bank meetings
EUR/USD: Stuck in a range, the odds of an aggressive Fed rate cut drop
EUR/USD continues to trade a narrow range amid falling odds of an aggressive easing by the US Federal Reserve (Fed) later this month. The ECB is widely expected to keep rates unchanged, but send out a strong dovish message later this week
RECOMMENDED
GBP/USD remains modestly flat as Brexit optimism confronts UK-Iran tension
While optimism surrounding the Brexit helped the GBP/USD pair to start the week on a positive note, geopolitical tensions between the UK and Iran tamed the quote’s upside as it trades near 1.2500 ahead of the London open.
Forex Today: USD cheers Fed’s policy repricing, Gulf tensions rise, and Oil surges
US dollar index rises on falling odds of aggressive Fed rate cuts. Oil surges on escalating Gulf tensions. All eyes on trade and geopolitical developments.
What To Watch This Week
Market expectations for Fed FOMC interest rate cuts have gyrated back and forth following a recent speech by NY Fed President Williams, one of the key decision makers within the Fed FOMC.
Cryptocurrency market update: Bitcoin and major altcoins lethargic in tight ranges
The cryptocurrency market stays in the red zone after an unsuccessful recovery attempt on Saturday, July 20 followed by Sunday's sell-off. Bitcoin and all major altcoins are nursing losses with the notable exception of Cosmos, Tezos and Ethereum Classic.
Litecoin price analysis: LTC/USD stalled at $100.00
Litecoin has been sidelined for the recent four days, capped by SMA100, currently at $102.76. The fourth-largest digital asset with the current market capitalization of $6.2 billion has gained nearly 10% in recent seven days to become of of the best-performing coins out of top-10.
Ethereum price analysis: ETH/USD bulls gather breath before another assault at $230
Ethereum, the second-largest cryptocurrency with the current market capitalization of $24.2 billion, settled above $225.00; however, the further recovery is limited. ETH/USD is moving in lockstep with Bitcoin (BTC) and the rest of the cryptocurrency market ...
EOS price analysis: EOS/USD bulls strengthen their grip
EOS is rising in value during the weekend European session. The upward correction is welcome following the recent dip to $3.30. The last couple of days have seen the buyers fight tooth and nail to come out of the bear range.
ECB expected to maintain the status quo, but also to hint more easing coming
Choppy price behavior has dominated the EUR/USD pair these last few days, although it spent the week within the previous one’s range, meeting sellers around 1.1280 and holding above July’s low of 1.1192. For the pair, the week was all about central banks and monetary policy.
After bottoming at a fresh multi-year low of 1.2381, the GBP/USD pair began an upward corrective movement that sees it new struggling with the 1.2500 figure. Sterling weakness is a result of mounting speculation about a hard-Brexit, while the pair’s bounce has more to do with broad dollar’s weakness.
The Technical Confluences Indicator shows that GBP/USD pair is trading at a tough resistance area, with an even stronger one at around 1.2505, where it has its 10 DMA, and June’s monthly low. If bulls can clear the level, the pair can extend its gains up to the 1.2540 price zone, although the path toward this last is fulfilled with technical studies that will make the run tough.
