Dollar Got What It Wanted. Forecast as of 01.08.2024

Investors anticipated signals regarding a federal funds rate cut in September, but not to this extent. Even Jerome Powell's references to the Fed's apolitical stance can be interpreted as a clue. Let’s discuss it and make a trading plan for the EURUSD.Highlights and key points The Federal Reserve discussed a rate cut in July. It will most likely do that in September. Markets were nervous, but the central bank reassured them. Employment data in the US will be a reason for building up positi