Hello everyone, subscribers. Please share your personal opinions in the comments. Booster and subscription requests are appreciated.
The fact that the Fed took a more dovish stance than expected at the FOMC meeting and the slowdown in the US labor market raised expectations for a rate cut by the end of the year. The Fed's first rate cut is expected to start in September this year, and the ECB is expected to carry out its first rate cut in June. It is expected that the current sentiment will continue until this week, and there is a high possibility of directional changes next week due to US and Eurozone inflation index indicators.
- May 9: Bank of England interest rate decision.
- May 14: Release of US April Producer Price Index.
- May 15: Release of US April Consumer Price Index.
- May 17: Release of Eurozone April Consumer Price Index.
EURUSD rebounded from the 1.06000 level to break through to the 1.07200 level and is currently continuing its upward trend towards the upper part of the trend. However, within the medium to long-term downtrend, a short-term downtrend has formed, so if it does not break through the 1.08200 line, it will be pushed down to the 1.05000 line. If it breaks through the 1.08200 line, it is expected to rise to the 1.09500 line, followed by a medium to long-term decline to the 1.04500 line.
Summarizing the expected movements:
First, a medium-term decline to the 1.05000 line as resistance at the 1.08200 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 any unexpected movements, I will quickly adjust the strategy.
The fact that the Fed took a more dovish stance than expected at the FOMC meeting and the slowdown in the US labor market raised expectations for a rate cut by the end of the year. The Fed's first rate cut is expected to start in September this year, and the ECB is expected to carry out its first rate cut in June. It is expected that the current sentiment will continue until this week, and there is a high possibility of directional changes next week due to US and Eurozone inflation index indicators.
- May 9: Bank of England interest rate decision.
- May 14: Release of US April Producer Price Index.
- May 15: Release of US April Consumer Price Index.
- May 17: Release of Eurozone April Consumer Price Index.
EURUSD rebounded from the 1.06000 level to break through to the 1.07200 level and is currently continuing its upward trend towards the upper part of the trend. However, within the medium to long-term downtrend, a short-term downtrend has formed, so if it does not break through the 1.08200 line, it will be pushed down to the 1.05000 line. If it breaks through the 1.08200 line, it is expected to rise to the 1.09500 line, followed by a medium to long-term decline to the 1.04500 line.
Summarizing the expected movements:
First, a medium-term decline to the 1.05000 line as resistance at the 1.08200 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 any unexpected movements, I will quickly adjust the strategy.