Jerome Powell is more likely to sound dovish amid the concerns about the U.S. inflation and the S&P 500 correction
The information that the UK Prime Minister Boris Johnson calls for a general election on December 12 and a busy economic calendar encourages traders to close the EUR/USD long positions. Although public surveys suggest that the majority supports the Conservative Party in power, growing uncertainty makes investors hedge against the risks of the pound fall. The weakening sterling is followed down by the euro, and the high probability of a pause in the Fed’s monetary easing encourages the EUR/USD bears.
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