Jens Peter Sørensen, chief analyst at Danske Bank, explains that the EUR/USD pair has settled around pre-ECB levels and the continued drop that they have been looking for has yet to materialise. Key Quotes “The Fed this week will be important in determining whether we can see another dip lower: we expect the Fed to lower its ‘dot’ signal to one rate hike in 2019 (down from two) and would not be surprised if it signals that it will be ‘one and done’; this would likely be seen as dovish and support EUR/USD even if the Fed has begun downplaying the importance of the dots.” “We still look for two hikes due to our overall positive outlook for this year; this should hold a hand under the USD further out – but not necessarily this week.” “Friday’s PMIs from either side of the Atlantic could what send EUR/USD lower yet again though: we are looking for a decent US manufacturing reading while the euro-zone one could be set for another drop, highlighting that the cyclical picture still favours the USD. Further, a US-China trade deal now looks delayed until April.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: Further downside could see the 55-day SMA at 96.33 retested FX Street 4 years Jens Peter Sørensen, chief analyst at Danske Bank, explains that the EUR/USD pair has settled around pre-ECB levels and the continued drop that they have been looking for has yet to materialise. Key Quotes "The Fed this week will be important in determining whether we can see another dip lower: we expect the Fed to lower its 'dot' signal to one rate hike in 2019 (down from two) and would not be surprised if it signals that it will be 'one and done'; this would likely be seen as dovish and support EUR/USD even if the Fed has begun downplaying… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
