US Interest Rate Cut Sentiment Keeping EUR/USD Above 1.1200

By Glenford S Robinson

US interest rate cut sentiment is the nugget that is keeping the EUR/USD above 1.1200. If it wasn’t for the prospect of an interest rate cut of about 25-basis points coming July 31, 2019, the pair would’ve easily been rambling between the 1.1000 – 1.1165 range. Therefore, when the interest rate cut comes to past July 31, 2019, the pair could very well set up shop at levels below 1.1200. The lowest level the pair has been in the last two to three weeks is 1.1181, recorded on June 18. We call this area “true support” because it is characterized by an upward slope starting at the bearish candle seen on the Daily chart on June 18.

If a trend line is drawn from the bottom of the June 18th bearish candle on the daily chart and tracing down to the bottom of the July 19th bearish candle, an upward slope can be seen. A triangle formation is visible when a trendline is drawn from the top of the June 25th bearish candle to the top of the July 19th bearish candle. After noticing that a bearish down trend was the trend leading into the triangle formation, some Technical Analysis traders may interpret the triangle formation as a signal for a breakdown to the downside.

Such a downside break could occur on Thursday, July 25, 2019 when the (European Central Bank) ECB is expected to maintain the Eurozone’s interest rate at 0%. It might be a little premature for the ECB to cut interest to anything less than 0%. However, anything is possible when it comes to monetary policy making. So, an interest rate cut lower wouldn’t be a surprise because it is coming at some point in the future.

If our prediction holds true, we can expect that the 1.1200 area of support could quickly become an area of resistance all day Thursday, July 25; and may give way Friday a t 8:30 am when US Q2 GDP is expected to come in lower than previous readings.

Going forward, Forex Traders should expect an increase level of volatility for the EUR/USD currency pair. Where there is volatility, there is potential for large profits or large losses. So, caution should be exercised when trading these volatile markets.

Disclaimer: Trading the Forex market is a very high-risk endeavor. It is recommended that amateur Forex Traders get professional advice from a certified investment advisor before trading these Forex Markets because it is possible to lose all funds deposited in a forex trading account. The information presented in this article should not be taken as professional advice because Mstardom Finance and its subsidiary Mstardom, Inc., and writers do not provide investment advice.

A Word From Our Sponsor

5 Minute Millionaire Money Mentor

A. Ever heard of Tai Lopez?

B. He’s looking to personally mentor a small group of people to become ‘black belts’ with money.

C. Check out his video: http://www.tailopez.com/A3092184

Wait! Wait! Free Bonus, Free Bonus: Don’t Open the link Yet.

First go to Youtube and Listen to the book called “Think and Grow Rich by Napoleon Hill.”

The book is free to listen to on Youtube. After you listen to some of the material in the book,

then you will be ready to learn how to make money with Tai Lopez’s 5 Minute Millionaire Money Mentorship program.

All my close friends, family, and professional colleagues are saying that the video at tailopez.com/A3092184 is worth the wait.

If I were you, I would read the book first. Your call! fffffffffffff

Check Also

communication via hand phone

Global Clinical Alarm Management Market to 2023 with Koninklijke Philips, Vocera, Ascom, Spok, Bernoulli, Connexall, Mobile Heartbeat, GE Healthcare, Capsule Technologie & Masimo Dominating

In 2018, North America is expected to account for the largest share of the global clinical alarm management market. The large share of this region can be attributed to the increasing cases of alarm fatigue and initiatives by government bodies to curtail the effects of alarm fatigue and the increasing need for integrated healthcare IT systems to ensure reliability, efficient maintenance of data, data integrity, and timely availability of patient data to authorized healthcare professionals.

Let your money work for you

SS&C GlobeOp Hedge Fund Performance Index and Capital Movement; IndexSS&C GlobeOp Hedge Fund Performance Index: February performance 1.24%; Capital Movement Index: March net flows advance 0.21%

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias. Its inception date is January 1, 2006.

Image of the US Economy

The Conference Board Leading Economic Index® (LEI) for the U.S. Increased; Economy to Continue Expanding in Near-Term

The ten components of The Conference Board Leading Economic Index® for the U.S. include:Average weekly hours, manufacturingAverage weekly initial claims for unemployment insuranceManufacturers' new orders, consumer goods and materialsISM® Index of New OrdersManufacturers' new orders, nondefense capital goods excluding aircraft ordersBuilding permits, new private housing unitsStock prices, 500 common stocksLeading Credit Index™Interest rate spread, 10-year Treasury bonds less federal fundsAverage consumer expectations for business conditionsFor full press release and technical notes:http://www.conference-board.org/data/bcicountry.cfm?cid=1

Growth stock image

Willamette Valley Vineyards Posts a Profit for 2018

Jim Bernau, Founder and President of the winery, said "We are pleased Income from Operations was up 15% for the year. Earnings are affected by the dividend cost as we raised the money needed for the planned winery near Dundee prior to construction. As we are able to deploy these development funds, we expect the projected earnings to more than offset the higher dividend costs."

Investing pennies

SEC Proposes Offering Reforms for Business Development Companies and Registered Closed-End Funds

The proposed amendments would modify the registration, communications, and offering processes available to BDCs and registered closed-end funds, building on offering practices that operating companies currently use.

Investment

Data Experts Outline Success Factors for Registered/Private Funds

The different types of data in the fund industry (e.g., external sources and internal sources created by the fund)Defining classification vs. segmentationSegmentation best practices"The asset management industry needs powerful information to navigate the challenges of volatile investment markets, unprecedented regulatory changes and transformational shifts in investors' product preferences," said Mr. Kosanovic. "Technology can help fund managers visualize their data in ways to help them optimally spend their time and resources with greater efficiency to grow their funds."

Market Research

China Payments Landscape 2018-2022: Card-based, E-commerce, Mobile Proximity, P2P, Bill, Alternative Payments, Payment Innovations, Infrastructure & Regulation

In an attempt to reduce fraud and promote the healthy and sustainable development of mobile payment services, China's central bank the People's Bank of China (PBOC) issued the Bar Code Payment Service Specification to regulate QR and barcode payments in December 2017. The regulation caps payments made by traditional QR codes to CNY500 ($76.86) per day; this can be extended up to CNY5,000 ($768.55) if the payment transaction is verified by two or more authenticating parties such as digital certificates and digital signatures. If a third-party payment institution provides payment services with this technology, it must obtain a network payment service license.

%d bloggers like this: