Euro / U.S. DollarShort
EUR/USD hawkish fed, what to expect ahead?
In this post I will mention what price action to expect ahead and for what reasons
FUNDAMENTAL KEY QUOTES
1- U.S. interest-rate-setters have begun a discussion about scaling back bond purchases, kind of. “You can think of this meeting as the talking-about-talking-about meeting, if you like,” Federal Reserve Chair Jerome Powell said at a press conference after the central bank released forecasts that show it anticipates two rate increases by the end of 2023, projecting a faster-than-anticipated pace of tightening.
2- ECB holding interest rate at 0,keeping the PEPP and the buying bonds program unchanged.
3- U.S. economic recovery (calendar upbeat data)
What price action to expect ahead?
- ACCORDING TO THE RECENT FUNDAMENTALS AND THE FED TAKING ACTIONS TO CONTROL THE ONLY ECONOMIC PROBLEM IN U.S. WHICH IS THE INFLATION I WOULD SAY THAT THE DOWNTREND HAS GAINED A MASSIVE STRENGTH TARGETING EXCHANGE RATE OF 1.18-1.19 (1.1750-1.1950) , THEREFORE THE BUYING OPPOURTUNTIES STAYS AT THE RANGE OF (1.1765-1.1800).
- THIS PICTURE REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY --
FUNDAMENTAL KEY QUOTES
1- U.S. interest-rate-setters have begun a discussion about scaling back bond purchases, kind of. “You can think of this meeting as the talking-about-talking-about meeting, if you like,” Federal Reserve Chair Jerome Powell said at a press conference after the central bank released forecasts that show it anticipates two rate increases by the end of 2023, projecting a faster-than-anticipated pace of tightening.
2- ECB holding interest rate at 0,keeping the PEPP and the buying bonds program unchanged.
3- U.S. economic recovery (calendar upbeat data)
What price action to expect ahead?
- ACCORDING TO THE RECENT FUNDAMENTALS AND THE FED TAKING ACTIONS TO CONTROL THE ONLY ECONOMIC PROBLEM IN U.S. WHICH IS THE INFLATION I WOULD SAY THAT THE DOWNTREND HAS GAINED A MASSIVE STRENGTH TARGETING EXCHANGE RATE OF 1.18-1.19 (1.1750-1.1950) , THEREFORE THE BUYING OPPOURTUNTIES STAYS AT THE RANGE OF (1.1765-1.1800).
- THIS PICTURE REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY --
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.