The Euro will decrease slightly today
Updated
The US dollar is experiencing volatility against most major currencies today, with market sentiment affected by predictions that the US Federal Reserve may start cutting interest rates. The Japanese yen remains an exception, maintaining its position against the dollar following the Bank of Japan's decision to continue its expansionary monetary policy.
Federal Reserve officials tried to manage market expectations after a Federal Open Market Committee meeting last week, which hinted at the possibility of interest rate cuts in 2024. This outlook has led to a surge in financial markets, with current forecasts suggesting a 67.5% chance of a rate cut at the Fed's March meeting, based on the CME FedWatch tool.
Senior financial markets analyst at Capital.com, Kyle Rodda, commented on the situation, saying that the Federal Reserve must now decide whether to match market expectations or counter them, potentially causing market instability.
Federal Reserve officials tried to manage market expectations after a Federal Open Market Committee meeting last week, which hinted at the possibility of interest rate cuts in 2024. This outlook has led to a surge in financial markets, with current forecasts suggesting a 67.5% chance of a rate cut at the Fed's March meeting, based on the CME FedWatch tool.
Senior financial markets analyst at Capital.com, Kyle Rodda, commented on the situation, saying that the Federal Reserve must now decide whether to match market expectations or counter them, potentially causing market instability.
Note
💵EURUSD SELL 1.0990 - 1.1010💵✅TP 1.0970
❌SL 1.1030.
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