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Results of the Federal Reserve meeting

Results of the Federal Reserve meeting | 19 September 2019

19 September 2019, EUR/USD

Results of the Federal Reserve meeting

EURUSD trading plan:

The Federal Reserve reduces interest rates by 0.25% for the second time this year. Most of the leaders of the US Central Bank do not expect a reduction in interest rates in 2019. Fed Chairman Jerome Powell took a cautious approach to any further reductions in borrowing costs. So-called dot-plot forecasts from all 17 policymakers showed even broader disagreement, with seven expecting a third rate cut this year, five seeing the current rate cut as the last for 2019, and five who appeared to have been against even Wednesday's move. This is a positive signal for the U.S. dollar!

Trading recommendation: Sell 1.1055 and take profit 1.1020.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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