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Thomson Reuters
Jan 07 - 03:48 PM
EUR/USD - Dollar Remains Hobbled After Powell
First appeared on eFXplus on Jan 07 - 01:35 PM
  • DE-US spreads widen but market ignores, US$ remains on the defensive
  • US$ long positions likely being reduced after Powell comments last week
  • Fed's Bostic notes uncertainty on econ & global events, sees one 2019 hike
  • EUR/USD sees steady gains for NY, nears 1.1494/1.1515 resistance zone
  • More Fed speakers and ECB minutes Thursday remains risks to EUR/USD
  • If Fed-speak echoes Powell comments more EUR/USD gains are likely

chart: Click here

Source:
Thomson Reuters IFR Markets

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