{"id":153980,"date":"2019-08-22T07:45:11","date_gmt":"2019-08-22T11:45:11","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153980"},"modified":"2019-08-22T07:22:57","modified_gmt":"2019-08-22T11:22:57","slug":"eurusd-euro-could-drop-in-response-to-ecb-minutes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-euro-could-drop-in-response-to-ecb-minutes\/","title":{"rendered":"EURUSD: euro could drop in response to ECB minutes"},"content":{"rendered":"<div id=\"inves-2339336321\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 22, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/strong><\/p>\n<div class=\"-cms-content analytics-reviews-category-review-article__review\">\n<div>\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Wednesday the 21<sup>st<\/sup> of August, trading on the euro closed down. The FOMC minutes didn\u2019t have much of an effect on markets. The US Fed continues to rely mostly on economic data to guide its policy, and is expecting one more rate slash in 2019. The EURUSD pair responded to the minutes with a drop from 1.1101 to 1.1081.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>10:15 France: Markit services PMI (Aug).<\/li>\n<li>10:30 Germany: Markit services PMI (Aug).<\/li>\n<li>11:00 Eurozone: Markit services PMI (Aug).<\/li>\n<li>13:00 UK: CBI distributive trades survey \u2013 realized (Aug).<\/li>\n<li>14:30 Eurozone: ECB monetary policy meeting accounts.<\/li>\n<li>15:30 Canada: wholesale sales (Jun).<\/li>\n<li>15:30 US: initial jobless claims (16 Aug).<\/li>\n<li>16:45 US: Markit services PMI (Aug).<\/li>\n<li>17:00 Eurozone: consumer confidence (Aug).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_220819_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"eedac424-1c8f-495c-9574-4f4a42e0d7a4\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The EURUSD pair has been trading sideways within a range of 1.1066 \u2013 1.1107 since the 16<sup>th<\/sup> of August. In today\u2019s Asian session, the pair slipped to 1.1077. The bears are targeting 1.1066 once again. Since the stochastic is in the buy zone, it\u2019s unlikely that the pair will break this level to decline any further.<\/p>\n<p>All eyes are on the Jackson Hole symposium, which starts today and will go on until the 24<sup>th<\/sup> of August. The heads of central banks will convene here, along with G7 finance ministers and other financial market officials. The ECB will publish the minutes from its latest monetary policy meeting at 14:30 (GMT+3). This could see the euro collapse against all the majors.<\/p>\n<\/div>\n<\/div>\n<p><strong>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alpari.com Previous: On Wednesday the 21st of August, trading on the euro closed down. The FOMC minutes didn\u2019t have much of an effect on markets. The US Fed continues to rely mostly on economic data to guide its policy, and is expecting one more rate slash in 2019. The EURUSD pair responded to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-153980","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=153980"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153980\/revisions"}],"predecessor-version":[{"id":153981,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153980\/revisions\/153981"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}