EUR/USD Technical Analysis: A Rebound Amid Speculation of Fed’s Policy Shift

Fed Chairman Jerome Powell’s dovish remarks on Friday contributed significantly to the USD’s downturn. Powell hinted at the possibility that the Fed might soon shift from its rate-hiking stance to a more accommodative policy in 2024, stating that it’s premature to assert with certainty the Fed’s attainment of a sufficiently restrictive position or to predict the timing of policy relaxation.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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