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The Federal Reserve is ready to reduce interest rates

The Federal Reserve is ready to reduce interest rates | 20 Junio 2019

20 Junio 2019, EUR/USD

The Federal Reserve is ready to reduce interest rates

EURUSD trading plan:

The Federal Open Market Committee held its key federal funds rate at 2.25% to 2.5%.Seven heads of the Federal Reserve announced their readiness to reduce interest rates at a meeting on July 31 or September 18. Chairman FOMC Jerome Powell said the central bank is concerned about a number of factors affecting the domestic and global economies, including slowing manufacturing growth, trade tensions, especially between the United States and China, and inflation that's too low. The yield of two-year U.S. government bonds fell below 1.8%. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1255 and take profit 1.1320.

David Johnson
Analyst of «FreshForex» company
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