King dollar rules amid likely hawkish Fed cut, keeps the EUR/USD bounce limited. Focus on EUR/GBP flows, German Prelim CPI and trade talks for fresh impetus. The EUR/USD pair looks to extend its Asian consolidative mode below the 1.1150 barrier into the European session, as the focus now shifts towards the German and Eurozone macro news for the next push. FOMC begins its 2-day monetary policy meeting on Tuesday A tug-of-war between the bulls and bears leaves the pair modestly flat, as a broad-based US dollar strength limits the bounce on one hand while on the other hand, the GBP sell-off driven EUR/GBP rally keeps the buoyant tone intact around the shared currency. The pound continues to suffer from hard-Brexit jitters, as a no-deal Brexit outcome almost looks certain under the leadership of Boris Johnson and his team of ardent Brexiteers. Meanwhile, the greenback continues to hold firmer near 2-month tops versus its main rivals amid increased bets of a smaller Fed rate cut on Wednesday and better US fundamentals. Markets now look forward to fresh economic drivers due later today, including the German Prelim CPI, Eurozone Confidence numbers and US Core PCE Price Index, for near-term trading opportunities ahead of the key US-China trade talks and FOMC decision. EUR/USD levels to watch 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 Libra may never be launched – Facebook warns FX Street 4 years King dollar rules amid likely hawkish Fed cut, keeps the EUR/USD bounce limited. Focus on EUR/GBP flows, German Prelim CPI and trade talks for fresh impetus. The EUR/USD pair looks to extend its Asian consolidative mode below the 1.1150 barrier into the European session, as the focus now shifts towards the German and Eurozone macro news for the next push. FOMC begins its 2-day monetary policy meeting on Tuesday A tug-of-war between the bulls and bears leaves the pair modestly flat, as a broad-based US dollar strength limits the bounce on one hand while on the other hand, the GBP… 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.
