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Sep 05 - 11:00 PM
EUR/USD - Quiet Now But Could Be Busy Later
First appeared on eFXplus on Sep 05 - 08:55 PM
  • EUR/USD idling between 1.1030/40 after opening Asia unchanged
  • Expect action to pick up later today when 2 events spice up the price action
  • A speech from Fed Chair Powell will be shortly followed by US NFPs
  • Calming macro fears such as Brexit & US-China trade war shifts focus to Fed
  • Blackout period follows Powell's speech - ahead of the Sept 18 FOMC
  • A 25 BP cut for Sept fully priced & an 80% chance of another by year-end
  • EUR/USD support at yesterday's 1.1017 low & resistance at 21-day MA @ 1.1084

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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