Dollar will spoil the party. Forecast for 27.01.2021

The FOMC's first meeting in 2021 is an important event for financial markets. However, the Fed’s meeting will hardly change investors’ sentiment. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Fundamental US dollar forecast for today

Jerome Powell is trying to convince the financial markets that the Fed will not take away the punch bowl just when the party gets going. However, different vaccination paces and the growth-gap between the US and euro-area economies suggest that the EURUSD bulls should not expect the euro rally to be as fast as it was in November-December. The IMF expects the US and… Read full author’s opinion and review in blog of #LiteForex