Market sessions
EURUSD: euro recovering on the back on the pound
On Thursday the 21st of March, trading on the US dollar index closed up. The DXY completely recovered Wednesday’s losses, which were incurred after the Fed’s interest rate decision and subsequent monetary policy statement along with Jerome Powell’s press conference.
Market sessions
Daily analytical report (21/03/19)
We weren’t expecting much hawkishness from the FOMC yesterday, but the level of the dovishness really shook markets. According to the Fed, there won’t be any rate hikes this year (not so long ago we were expecting two) and only one in 2020. For markets, this was a clear sign to short the US dollar, which is giving us interesting trading signals on many pairs.
Market sessions
EURUSD: bulls trying to defend the territory gained
On Wednesday the 20th of March, the bulls managed to close the day above 1.14. The highest point recorded during the day’s trading was 1.1448. The dollar collapsed during the US session following confirmation of the US Fed’s decision and the publication of the subsequent monetary policy statement.
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