empty
 
 
19.09.2019 08:08 AM
Overview of EURUSD on 09/19/2019

This image is no longer relevant

On Wednesday evening, the Fed lowered the rate by 0.25% to 1.875% and commented on the state of the US economy. Interestingly, analyzing the Fed's comment, it is impossible to understand why to lower the rate – the growth is stable, the labor market is strong. The truth is pointed to an unfavorable "external factor" – read the negativity from Trump's unleashed trade war with China.

It can be concluded that the Fed – going to meet the requirements of Trump and lowering the rate – is not going to further reduce the rate.

EURUSD. The euro's reaction was paradoxical – within an hour after the Fed's decision, sellers tried to collapse the euro. But they did not achieve much success.

The limits of the range remained the same.

We buy from 1.1077.

We sell from 1.0925.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback