EURUSD

Fed Chair Powell stated in his speech on April 16, 2025, that Trump's tariff policies are "significantly larger than expected" and will likely lead to "higher inflation and slower growth," emphasizing that the Fed will remain in "wait and see" mode. Following these statements, the markets began to expect three or two cuts instead of four throughout the year, and Powell expressed that "the bar for interest rate cuts is high." Since the beginning of 2025, it has shown strong performance, indicating signs of consolidation after a significant upward move (1.1470). The ECB's recent 25 basis point interest rate cut has led to a technically positive outlook for the pair in the medium term, primarily driven by dollar weakness.