{"id":212274,"date":"2023-12-14T04:51:08","date_gmt":"2023-12-13T23:21:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=212274"},"modified":"2023-12-14T04:51:08","modified_gmt":"2023-12-13T23:21:08","slug":"eur-usd-bounds-towards-1-0900-fueled-by-post-fed-risk-bids-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-bounds-towards-1-0900-fueled-by-post-fed-risk-bids-crypto-news\/","title":{"rendered":"EUR\/USD bounds towards 1.0900, fueled by post-Fed risk bids &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The Federal Reserve pivoted on its rate hike policy, puts rate cuts on the table.<\/strong><\/li>\n<li><strong>The FOMC sees several rate cuts next year for a combined 75 basis points in cuts.<\/strong><\/li>\n<li><strong>The ECB\u2019s Christine Lagarde has a tough act to follow on Thursday.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/USD saw a hard rebound on Wednesday, coming within inches of reclaiming the 1.0900 handle after the Federal Reserve (Fed) pivoted into a path towards rate cuts after months of towing the \u201chigher for longer\u201d line.<\/p>\n<p><strong>Forex Today: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/forex-today-dollar-tumbles-as-fed-signals-cuts-in-2024-202312132049\">Dollar tumbles as Fed signals cuts in 2024<\/a><\/strong><\/p>\n<p>The Fed\u2019s latest dot plot of policymaker interest rate expectations now sees at least three rate cuts on the table for 2024, for a combined 75 basis points in cuts. While investors\u2019 hopes for rate cuts remain firmly higher than the Fed\u2019s outlook, with money markets pricing in an eye-watering 140 basis points in cuts next year, the Fed\u2019s dovish showing on Wednesday covered significant ground in meeting markets at the halfway point.<\/p>\n<p>The Fed held rates at 5.5% for the third straight meeting, its longest stretch of no hikes since rates first started climbing in early 2022.\u00a0<\/p>\n<p><strong>ECB Preview: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/ecb-preview-forecasts-from-10-major-banks-more-dovish-direction-as-inflation-trends-to-the-downside-202312111504\">Forecasts from 10 major banks, more dovish direction as inflation trends to the downside<\/a><\/strong><\/p>\n<p>The European Central Bank (ECB) will have a tough act to follow in the Fed\u2019s dovish pivot. The ECB is broadly expected to maintain its main reference rate at 4.5% when it delivers its last rate call of the year on Thursday.\u00a0<\/p>\n<p>The ECB will deliver its final rate call and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Monetary Policy<\/a> Statement for 2023 at 13:15 GMT Thursday, followed by a press conference to be run by ECB President Christine <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">Lagarde<\/a> at 13:45 GMT.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD Technical Outlook<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">The Euro<\/a> caught a hard bid against the US Dollar on Wednesday, shearing the 200-hour Simple Moving Average (SMA) at 1.0800 and sending the EUR\/USD within reach of the 1.0900 handle.<\/p>\n<p>Intraday chart action has the 50-hour SMA set for a bullish cross of the 200-hour SMA, providing technical support for any potential pullbacks into the 1.0800 region.<\/p>\n<p>Wednesday\u2019s risk-on bid for the EUR\/USD has the pair extending into the north side of the 200-day SMA drifting higher above thew 1.0800 handle, but the pair\u2019s recent backslide from late November\u2019s peaks at the 1.1000 major handle leave the pair hampered in familiar consolidation territory.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD Hourly Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD Daily Chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_USD-638381057897461205.png\" style=\"width: 898px;height: 697px\" \/><\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Federal Reserve pivoted on its rate hike policy, puts rate cuts on the table. The FOMC sees several rate cuts next year for a combined 75 basis points in cuts. The ECB\u2019s Christine Lagarde has a tough act to follow on Thursday. The EUR\/USD saw a hard rebound on Wednesday, coming within inches [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,825,433,366,255,250,252,247,253,249,256,254],"class_list":["post-212274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=212274"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212274\/revisions"}],"predecessor-version":[{"id":212276,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212274\/revisions\/212276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8813"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=212274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=212274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=212274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}