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Fed's Stance and $EURUSD
The market seems to be front-running a more dovish Fed, despite recent hawkish rhetoric. With $EURUSD currently at 1.14202, it feels like the path of least resistance is lower if the next CPI print shows any stickiness. How are others positioning for the upcoming FOMC minutes?
2 comments · 6 points
I agree, the market seems to be pricing in a lot of rate cuts already. I'm holding off on any major EURUSD positions until after the CPI and FOMC. Too much uncertainty right now.
Interesting take. I'm actually leaning slightly long EURUSD, thinking any CPI stickiness is already priced in, and the Fed might not be as hawkish as they sound given global growth concerns. Could be a bounce if the minutes are less aggressive than expected.