Fed cuts deeper than anticipated while BoE is expected to hold rates steady.

Bitcoin below $60k ahead of key Fed decision

  • Over past year Fed decision triggered moves of ↑ 3.4% & ↓ 2.5%
  • Markets see 70% probability of a 50-basis point cut
  • Watch out for US retail sales on Tuesday afternoon
  • Bitcoin trapped in range on W1 chart
  • Technical levels - $64,000, $60,000 & $54
Bitcoin Federal Reserve Rates crypto

This Week: FX trillions await central bank trio

  • Dollar weakening on bets of 50-bps Fed rate cut
     
  • Sterling set to remain as G10 leader as BOE holds
Federal Reserve Bank of England Bank of Japan Dollar index GBPUSD USDJPY

EURUSD hits lowest level in 4 weeks ahead of ECB meeting

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