Problems of US economy encouraged EURUSD bulls for a counterattack
It is better to regret after you act, instead of regretting after you don’t do anything. Jerome Powell had a perfect opportunity to reassure the stock market, avoiding its sharp drop. Instead of this, he finally convinced investors in the federal funds rate cut in July. The bets on 50 basis rate cuts have increased from less than 2% to almost 30%. The Fed chairman has played down on the strong economic data, including the recent US jobs report, stressing the necessity of a more accommodative monetary policy than is…
Read full author’s opinion and review in blog of #LiteForex