Forex.ee Analytics
Forex.ee Representative
- Messages
- 562
Daily economic digest from Forex.ee
Stay informed of the key economic events
Stay informed of the key economic events
Tuesday, September 19th
The EUR/USD pair continues to keep its bid tone so far this week, trying to break through its psychological resistance of 1.2000. Recent upside rally of the pair is mainly driven by broad weakness of the US dollar, backed by uncertainty around upcoming potential tax reform by the Trump administration. However, any further gains of the pair may appear limited, as we are heading towards the main event of this week – FOMC interest rate decision, which will take place tomorrow during the NA session. Markets are widely expecting that the Fed will provide some hints on further steps regarding its monetary policy. On the data front, investors are now eagerly awaiting for German ZEW economic sentiment for fresh directional impetus, while the US data from the labor market will also be able to spark some volatility across the market during the NA session.
Click here to see all current market developments.
The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!
Your European ECN-broker,
Forex.ee