Federal funds rate about to rise: When and how mortgages, other loans will be impacted
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EUR/USD Forecast: Euro set to fade the Fed, attack double-top for two reasons
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5/19/2021 9:30:05 AM GMT | By FXStreet Insights Team
EUR/USD has retreated from near 1.2250, the highest since February. Nonetheless, the Federal Reserve s meeting minutes can send the pair to new highs. Furthermore, looser restrictions in the old continent can send the euro above double-top, Yohay Elam, an Analyst at FXStreet, briefs.
The charts are pointing to fresh gains
“France is allowing outdoor dining and additional activities as its accelerated vaccination drive is bearing fruit and bringing COVID-19 cases down. Other countries in the eurozone are experiencing the same trend and enacting similar policies.”
“Minutes from the Federal Open Markets Committee (FOMC) are due out later in the day. So far, only Dallas Fed President Robert Kaplan has spoken in favor of hiking interest rates in 2022 rather than later on. Only if the minutes reveal that Kaplan is part of a growing chorus – highly unlikely – the dollar has room to
U S Fed officials signal open to taper talk at upcoming meetings
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