- News and analysis
- Euro Trapped Before Fed Meeting
Euro Trapped Before Fed Meeting
Gold has recently been restoring its safe-have function, while the U.S. Dollar may return to the list of safe assets too. Both these actions are not expected to occur simultaneously. This will largely depend on traders’ response to the Federal Reserve's (Fed) intention to continue fighting inflation and a potential rate hike decision on March 22. This will be the main market driver next week for the Dollar, while the Euro is likely to be trapped inside of the 1.06-1.08 trading range. The copper/gold price ratio indicates the difficulty the U.S. Fed is facing in fighting inflation by hiking interest rates further after the collapse of Silicon Valley Bank. So, it may prompt a change in EURUSD pricing, but will hardly be enough to send the Euro to the lows of December 2022, or to renew 2023 highs.
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.