Friday, 26 July 2019

US Dollar Rally Runs Ahead of FOMC Rate Cut, EUR/USD Bear Trap

Yesterday brought whipsaw in EUR/USD around the ECB rate decision, but it's the FOMC meeting on the calendar for next week that has global markets' attention.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...