Weak Data Cast Shadows on US Dollar. Forecast as of 05.09.2024

A recent batch of reports on the US economy has prompted renewed speculation about the possibility of an impending recession. Investors are calling on the Fed to take decisive action to cut interest rates. The question remains whether the central bank will proceed with this course of action. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Signs of weakness in the US labor market are evident. Markets expect a Fed rate cut of almost 110 bps in 2024. R