Will Euro rise again? Forecast as of 01.02.2024

After Jerome Powell rejected market speculation of a rate cut in March, the EURUSD fell sharply. This scenario is not basic, but it can still come true. Let us discuss the Forex outlook and make up a trading plan.

Weekly Euro fundamental forecast

In January, the major vulnerability of financial markets was the expectation that the federal funds rate would be cut in March. They fluctuated between 40% and 80%, forcing the EURUSD into consolidation. Ahead of the FOMC meeting, the odds were 44%. However, after Jerome Powell stated that March was not the baseline scenario for the start of… Read full author’s opinion and review in blog of #LiteFinance