TR#312 24/07/19 Summary Waiting for ECB & FED

The ECB is announcing it's interest rate decision tomorrow which we expect to remain the same but all ears will be on the statement listening for clues about future policy. Expect a dovish outlook which may push the EUR lower. We then have to look forward to next week when the FOMC announce their decision and policy which is also expected to be dovish. It seems like a race to the bottom so I don't expect any huge short moves on the Dollar; more likely we'll see a sideways movement with in a range for the next few months. I've posted a chart below which may reflect the dollar movement over the next week.

This is not investment advice

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Steve Nixon
logicfxtrading

Comment:

Just a thought