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

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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.

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Litecoin price analysis: LTC/USD stalled at $100.00

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Ethereum price analysis: ETH/USD bulls gather breath before another assault at $230

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EOS price analysis: EOS/USD bulls strengthen their grip

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EUR/USD forecast: Remains confined in a broader trading range ahead of the key central bank meetings

What To Watch This Week

The looser the policy, the better the risk opportunities

AUD/USD – Price Consolidation Before Continued Upwards Price Movement

Valeria Bednarik

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.




Valeria Bednarik

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.

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