Eur/usd

Look for EUR/USD to hit its Magic number 1.500 soon
With Immidiate FED Cut rate and a suprise, We expect another 50 basis point to be cut on 29th/30th.

we dont expect any more fed rate cuts......it was supposed to be on 29th/30th but they did it yesterday fearing a US market crash because of global crashes......

Just an update for EUR/USD we are in Bullish frame still if we cross 1.4770 level, we will go to 1.4590 zone.. We will see Dollar strength for coming days now.

With the fed expected to lower rates by another 50bp in the coming months the gap will be widening between US and Eurozone rates - this can't be good for the USD.

If rates get down to 1% the USD will become a de facto currency to fund carry trades...