The EUR\/USD pair sits back into neutral territory as markets get prepared for the Fed\u2019s policy decision. Traders are on look out for a pivot in the chair’s tone.
The EUR\/USD is sitting tight in mas investors await the outcome of the Fed this week while investors worry over a potential slowdown in the pace of interest-rate hikes from December.
Analysts look for the FOMC to deliver another 75bp rate hike and say the decision will bring policy to a level at which the Committee might feel more comfortable in shifting to a steadier hiking pace. The exact timing, however, will highly depend on the CPI data before the December meeting. Powell might offer some hints in the post-meeting press conference.
Looking forward, for December, the fed funds futures market has priced in a 57% probability of a 50-bps increase amid suggestions from Fed officials of potentially slowing down the tightening pace. That was down, however, from roughly a 70% chance last Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"
The EUR\/USD pair sits back into neutral territory as markets get prepared for the Fed\u2019s policy decision. Traders are on look out for a pivot in the chair’s tone.The EUR\/USD is sitting tight in mas investors await the outcome of the Fed this week while investors worry over a potential slowdown in the pace of …<\/p>\n","protected":false},"author":13,"featured_media":71176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6884,6885],"class_list":["post-74935","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-usd","tag-fed"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74935"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74935\/revisions"}],"predecessor-version":[{"id":74943,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74935\/revisions\/74943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71176"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}