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Rate expectations and EUR/USD: the chain traders should understand
Vera
By Vera
Markets Editor
EUR/USD often reacts to the GapA gap is an area on a price chart where the next period begins at a price that is separated from the previous period's trading range, leaving little or no trading activity...Read More between expected European Central BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More and Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More policy—not simply to whether one rate is high or low.
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