empty
 
 
Chystáte sa opustiť
www.instaforex.eu >
webovú stránku, ktorú prevádzkuje
INSTANT TRADING EU LTD
Otvoriť účet

20.06.201908:07 Forex Analysis & Reviews: EURUSD: Fed will not rush to change the course of monetary policy, but will do so if necessary

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Yesterday's focus shifted on the Fed's interest rate decision, as well as Jerome Powell's press conference, which took place a little later. Of course, no one expected the Fed to signal an interest rate cut already at this meeting, but traders were counting on signs of a change in policy in the near future.

According to the data, the Fed left the range of interest rates on federal funds unchanged between 2.25% and 2.50%. The Fed Open Market Operations Committee voted 9 against 1. The Fed also left the discount rate at 3.00%.

Exchange Rates 20.06.2019 analysis

Fed officials expect the Federal funds rate to average 2.4% at the end of 2019 and 2.1% at the end of 2020. In 2021, it is expected to return to the level of 2.4%.

The Fed noted that they would act as it is appropriate in order to support economic growth, as well as closely monitor incoming data.

Seven out of 17 Fed officials expect interest rates to be reduced by 0.5 percentage points by the end of 2019.

The main problems that are currently observed in the economy are weak investments of companies in fixed assets, as well as inflation, which remains below 2%. Fed officials also raised the unemployment rate forecast in 2019 to 3.7% from 3.6%.

During Fed Chairman Jerome Powell's press conference, traders also did not hear statements about a change in monetary policy, although many counted on it.

Powell said that the Fed has made some significant changes to the monetary policy statement, since there were opposing factors during the weeks that have passed since the last meeting. The Fed chairman also emphasized that trade uncertainty is beginning to manifest itself in the incoming data, in connection with which some managers see increasingly weighty arguments in favor of a softer policy, and their arguments in favor of additional policy easing become stronger and stronger.

Meanwhile, Powell himself did not see significant support for the pace of interest rate cuts among Fed representatives at this meeting and believes that it would be better to initially get a clearer picture of the situation in the economy, since the basic scenario of the economic outlook is positive.

Responding to the question regarding his possible demotion by US President Donald Trump, Powell made it clear that, according to the law, his term will last for four years and he intends to serve it.

As for the current technical picture of the EURUSD pair, further growth will depend on whether buyers of risky assets will be able to remain above support at 1.1240, as well as consolidating on resistance at 1.1290, which opens up new prospects for bullish movement to highs at 1.1240 and 1.1400.

Jakub Novak
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Teraz opúšťate stránku www.instaforex.eu, ktorá patrí spoločnosti INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off