rfxsignals December 11, 2019 No Comments

Emotional day for the USD. Overview for 11.12.2019


On Wednesday morning, the major currency pair is falling after growing earlier; market players’ attention is totally focused on the US Fed December meeting.

EURUSD is retreating in the middle of the week after growing a little bit yesterday. The current quote for the instrument is 1.1087.

So, the two-day December meeting of the US Federal Reserve will be over today. This is the last meeting of the American regulator in 2019, the year that was a bit different from expectations. The interest rate is highly likely to remain unchanged at 1.50-1.75%, which means that the White House’s lobby on the Fed and its Chairman Jerome Powell is reducing. Or maybe, if miracles happen, of course, the Fed started to assert the right for its own stance and opinion.

Well, as for the interest rate, there is no intrigue around it. However, investors are worried by the comments that may follow after the meeting. In theory, the Fed is expected to provide signals and hints at its strategy for 2020. Everyone is guessing what they might be, but it will be better to wait for facts.

It can be said now that the interest rate was cut enough and the current value is okay for the US economy even if President Donald Trump starts a new trade war tomorrow.

Any signals or hints at further rate cuts in the future may put additional pressure on the USD.