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Expectations for a rate cut have increased due to the Fed's more dovish stance than anticipated at the FOMC meeting and the slowdown in the US labor market. The Fed's first rate cut of the year is forecasted to begin in September, while the ECB is expected to conduct its first rate cut in June. It is anticipated that the current sentiment will persist until this week, with potential shifts in direction next week due to US and Eurozone inflation index indicators.
- May 9th: Bank of England interest rate decision.
- May 14th: US April Producer Price Index release.
- May 15th: US April Consumer Price Index release.
- May 17th: Eurozone April Consumer Price Index release.
EURUSD rebounded from the 1.06000 level to break through the 1.07200 level and is currently continuing its upward trend towards the upper end of the range. However, within the medium to long-term downward trend, a short-term downward trend has formed, so if it fails to break through the 1.08200 line, we may see a push down to the 1.05000 line. If it does break through the 1.08200 line, a rise to the 1.09500 line is expected, followed by a medium to long-term decline to the 1.04500 line.
To summarize the expected movements:
First, resistance at the 1.08200 line leading to a medium-term decline to the 1.05000 line.
Second, a medium-term rise to the 1.09500 line followed by a medium to long-term decline to the 1.04500 line.
If there are unexpected movements, we will promptly adjust our strategy.
Please share your personal opinions in the comments. We kindly request your boosts and subscriptions.
Expectations for a rate cut have increased due to the Fed's more dovish stance than anticipated at the FOMC meeting and the slowdown in the US labor market. The Fed's first rate cut of the year is forecasted to begin in September, while the ECB is expected to conduct its first rate cut in June. It is anticipated that the current sentiment will persist until this week, with potential shifts in direction next week due to US and Eurozone inflation index indicators.
- May 9th: Bank of England interest rate decision.
- May 14th: US April Producer Price Index release.
- May 15th: US April Consumer Price Index release.
- May 17th: Eurozone April Consumer Price Index release.
EURUSD rebounded from the 1.06000 level to break through the 1.07200 level and is currently continuing its upward trend towards the upper end of the range. However, within the medium to long-term downward trend, a short-term downward trend has formed, so if it fails to break through the 1.08200 line, we may see a push down to the 1.05000 line. If it does break through the 1.08200 line, a rise to the 1.09500 line is expected, followed by a medium to long-term decline to the 1.04500 line.
To summarize the expected movements:
First, resistance at the 1.08200 line leading to a medium-term decline to the 1.05000 line.
Second, a medium-term rise to the 1.09500 line followed by a medium to long-term decline to the 1.04500 line.
If there are unexpected movements, we will promptly adjust our strategy.