[EUR] Still Uncertainty 2019 0201

EUR/USD four-hour chart, source:FXDD.com

[EUR] Still Uncertainty  2019 0201

U.S. Federal Reserve's policy was in the market expectation. Fed froze its benchmark interest rate, 2.25~2.50 percent which the market analysts expected, on Wednesday and the price of currency pair EUR/USD surged.

Jerome Powell, Chair of Fed implied the benchmark rate will not be risen in this year at the press conference after FOMC meeting.

It made market participants thought weak greenback, and U.S. dollar fell against euro.

One of the major currency pair, EUR/USD slides after FOMC statement was released, but market analysts look as the technical correction after the price-surge.

Fed's decision may leads weak greenback, but we need to watch euro zone economy carefully. As Italian GDP is under the technical recession, euro zone economy faces recession risk. Brexit risk threaten the economy of England as well as euro zone.

Commodity traders may be interested in buying gold, but forex traders have difficulty to find the trend-line direction.







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