empty
19.09.2024 08:19 AM
Hot Forecast for EUR/USD on September 19, 2024

For the first time in four years, the Federal Reserve lowered its interest rates by a substantial 50 basis points. This move was driven not only by the steady slowdown in inflation but also by the U.S. central bank's concerns about the potential slide of the economy into a recession. However, what is truly surprising is the market's reaction— the dollar immediately started to rise significantly. The reason lies in the statements made by Jerome Powell. The head of the U.S. central bank promptly warned the markets not to expect the same pace of monetary policy easing to continue. According to him, the Federal Open Market Committee is considering cutting interest rates by another 50 bps by the end of this year, but this will happen gradually. With only two meetings left this year, this means 25 basis points at each meeting. However, everything will depend on macroeconomic dynamics. Given that the pace of inflation will surely slow down, there is a possibility that the central bank might only lower its interest rates once before the start of next year. This is precisely why the dollar began to strengthen, as the markets were expecting a more aggressive monetary policy easing.

Today, the focus shifts to the Bank of England, which will likely set the tone for further actions by key central banks. The British central bank is expected to keep its interest rates unchanged. In the context of the Fed starting to lower its rates, such a step by the BoE would provide momentum for the pound to rise. This, in turn, would also pull up the euro via the dollar index.

This image is no longer relevant

The EUR/USD pair, driven by a strong flow of news and information, shows increased volatility. During this period, the price almost reached the 1.1200 mark. The upward sentiment remains undeniable despite the previous trading day's closing near the opening level.

In the four-hour chart, the RSI technical indicator is moving in the buyers' zone of 50/70, indicating a bullish sentiment.

Regarding the Alligator indicator in the same time frame, the moving average lines point upward, aligning with the current price movement.

Expectations and Prospects

For the next stage of growth, price stabilization above 1.1150 is necessary. Under this scenario, it is possible to see an update of the mid-term trend high, located around the 1.1200/1.1280 range.

Comprehensive indicator analysis in the short-term and intraday periods supports a sustained upward trend.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Pronóstico urgente del par EUR/USD para el 19.11.2024

A juzgar por el modesto crecimiento del euro, existe la sensación de que el dólar aún no ha agotado todo su potencial de crecimiento, a pesar de la increíble sobrecompra

Dean Leo 07:29 2024-11-19 UTC+2

Previsión de última hora del par EUR/USD para el 26.08.2024

El euro se fortaleció frente al dólar estadounidense en casi un 1,5% durante la semana pasada, acercando la cotización al máximo local de la tendencia alcista. El instrumento técnico

Dean Leo 07:44 2024-08-26 UTC+2

Pronóstico urgente del EUR/USD para el 01.07.2024

Ya cerca del cierre de las operaciones del viernes, el dólar comenzó a perder posiciones. Y con la apertura de la sesión asiática de hoy esta tendencia continuó. De hecho

Dean Leo 08:18 2024-07-01 UTC+2

Zonas de Margen e Ideas de Trading para los pares AUD/USD, NZD/USD, USD/CAD (24.06.2024)

AUD /USD Tendencia a largo plazo: incertidumbre temporal. La máxima acumulación de volúmenes del contrato actual se encuentra en el rango, en las cotizaciones 0,66070-0,66210. En este momento

09:13 2024-06-24 UTC+2

Pronóstico urgente para EUR/USD del 24.06.2024

Se esperaba que los índices de actividad empresarial de la eurozona aumentaran ligeramente, mientras que en Estados Unidos disminuirían ligeramente. Pero no fue así. En Europa disminuyeron, y de forma

Dean Leo 09:04 2024-06-24 UTC+2

Pronóstico para EUR/USD el 20 de noviembre de 2023

No ocurrió mucho al principio, pero el dólar comenzó a perder terreno activamente cuando se abrió la sesión de operaciones en los Estados Unidos. Esto se debió a una serie

Dean Leo 14:16 2023-11-20 UTC+2

Pronóstico candente para GBP/USD el 2 de noviembre de 2023

La Reserva Federal, por ahora, ha sugerido que las subidas de tasas podrían mantenerse en espera durante el resto del año, y esto fue suficiente para impulsar el fuerte crecimiento

Dean Leo 09:09 2023-11-02 UTC+2

USD/JPY extiende su crecimiento como se esperaba

El par USD/JPY subió como se esperaba. He hablado de este escenario en el análisis de ayer. El fuerte crecimiento de DXY y la caída de los futuros

Ralph Shedler 15:25 2023-03-08 UTC+2

Pronóstico actualizado para el GBP/USD el 23/01/2023

La moneda británica siguió subiendo incluso después de que el Reino Unido informara que, en términos anuales, las ventas minoristas generales cayeron un 5,8 %, luego de una caída

Dean Leo 09:20 2023-01-23 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.