Forex Traders Await the Fed’s Decision

The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%.

Analysts at Apollo Global Management, in their Economic Outlook, predict:

→ In 2025, the Fed will continue lowering rates but at a slower pace than the market anticipates;

→ By the end of 2025, the rate is expected to settle at 4.0%.

In anticipation of today’s decision, the currency markets are experiencing a period of calm.

The technical analysis of the EUR/USD chart shows that the pair consolidates between the upper boundary of a descending channel and the lower black support line, forming a narrowing triangle pattern (highlighted in purple).

Today’s Fed meeting could trigger a surge in volatility, potentially driving sharp movements in USD pairs. For EUR/USD, opposite scenarios are possible:

→ An upward movement with a bullish breakout of the upper boundary of the long-term descending channel;

→ Continuation of the downtrend with a breakout below the lower black support line.

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Related Posts

© Reuters

Forex flows were light into payrolls data, BofA says, highlights positions at risk By Investing.com

Có thể bạn quan tâm Do currency markets have a ‘weather pattern’? Signs of a USDCAD Reversal USD/JPY Analysis Today 23/12: Targets 160 The new week began…

Forex Markets React to Speculation on Trump’s Economic Policies

Forex Markets React to Speculation on Trump’s Economic Policies

Có thể bạn quan tâm Markets kick off new trading year with a fresh bid in the Greenback USD/JPY Outlook: Greenback’s Retreat Boosts Yen Bullish U.S. Equities…

EUR/AUD taps out, Wall Street could throw the ASX a lifeline (for now)

EUR/AUD taps out, Wall Street could throw the ASX a lifeline (for now)

Có thể bạn quan tâm India’s forex reserves fall to $652.87 billion, down $1.98 billion as of Dec 13 USD/PHP Forecast Today 10/01: Stays Resilient (Chart) Best…

Dollar softens slightly amid gradual tariff pledge

Dollar softens slightly amid gradual tariff pledge

Có thể bạn quan tâm AUD/USD Stabilizes After Post-NFP Slide USD/ZAR Analysis Today – 30/12: Holiday Nervousness (Chart) Private sector investment faces challenges despite positive forex trends…

GBP/USD Forex Signal Today 14/01: Bullish Rebound (graph)

GBP/USD Forex Signal Today 14/01: Bullish Rebound (Chart)

Có thể bạn quan tâm Forex reserves slide to 10-month low as rupee hits new law of 85.97 USD/CHF Forecast Today 13/01: Climbing Higher (Video) Dollar takes…

GBP/USD Price Analysis: Sterling Steady Ahead of US Inflation

GBP/USD Price Analysis: Sterling Steady Ahead of US Inflation

Có thể bạn quan tâm BTC/USD Forecast Today -31/12: Bitcoin Tests Support (Chart) Wall Street Closes Mixed After a Day of Volatility Weekly Pairs in Focus –…

Leave a Reply

Your email address will not be published. Required fields are marked *