ECB Buoys Euro Keeping Rate Cut on Hold. Forecast as of 18.07.2024

As much as the market is focused on the Trump trade, the EURUSD movement depends on the different paces of Fed and ECB monetary policy. In 2024, the derivatives market expects Washington to make three rate cuts, while Frankfurt is projected to make less than three. Let's discuss this topic and make a trading plan. Highlights and key points Trump is not satisfied with a strong dollar. FOMC officials have not dissuaded the markets. The ECB's slowness supports the euro. The EURUSD may soar to