{video}During the previous week's meeting, the Federal Reserve displayed a less aggressive stance than anticipated, as Chair Powell explicitly stated that there would be no increases in interest rates and suggested that they are still inclined towards reducing rates. Traders will focus on the US CPI data for April, which will be released on Wednesday. Based on the S&P Global PMIs, output prices had a robust but slower growth rate in April compared to March. EURUSD is flirting with the 50- and the 200-day simple moving averages (SMAs) as well as with the medium-term descending trend line. If the price successfully ... (full story)