Fading Fed Expectations Are Supportive – Scotiabank
US Dollar Flattens After Fed's Williams Delivers Dovish Comments
Technical analysis of EUR/USD, GBP/USD, USD/CHF, and australian dollar/USD on November 21.
During the European session on Thursday (November 21), the usd index stabilized after a decline, trading at 106.7116 with a 0.07% increase. Here is the technical analysis for four currency pairs: EUR/USD, GBP/USD, USD/CHF, AUD/USD. EUR/USD: Resuming downtrend (EUR/USD daily chart Source: Easy Money Exchanged) After the European Central Bank (ECB) warned of a potential debt crisis and slow growth in the region, the EUR/USD exchange rate resumed its downtrend. The exchange rate fell to 1.0513 intraday, erasing all earlier gains this week. Looking ahead, Europe and the USA will have no
AUD Can Fall Towards 0.6360/0.6340 – BBH
AUD/USD: Has a Chance to Reach 0.6560, Possibly 0.6600 – UOB Group
A potential 'fateful showdown' between Trump and the Federal Reserve! Top economists issue a warning!
Former IMF chief economist Blanchard said that Trump's economic policies may lead to an overheated economy and high inflation, forcing the Fed to raise interest rates again. The three pillars of Trump's economic plan, tariffs, immigration policy, and tax cuts, may all cause inflation to rise. As a result, the Fed may raise interest rates again, strengthen the dollar, which is not what Trump hopes for.
