EURUSD

The currency pair is starting the week cautiously, focusing on the Fed decision to be announced on Wednesday, where the markets expect a 25 basis point interest rate cut. Although today's GDP data from Japan, indicating a deeper-than-expected contraction in the economy (-0.6%), raises concerns about global growth, its impact on the currency pair remains limited as the main agenda for the market is the Fed. Due to the weak flow of data today, it is expected that investors will adjust their positions ahead of the Fed meeting and that a calm trend will dominate the currency pair.