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Rate expectations and EUR/USD: the chain traders should understand
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 bankThe institution that sets monetary policy for a country or currency area, including interest-rate decisions that can move currencies.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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