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Aug 19 - 11:55 AM

Ether - Signals Are Mixed Ahead Of Key Fed Risk

By Christopher Romano  —  Aug 19 - 09:45 AM
  • Ether trades lower to begin the week, down -0.67% in early NY trading

  • Ether down despite equity ESv1 gains, US yield US2YT=RR & US$ drops

  • Gold XAU= trading down -0.83% may be helping to weigh down Ether

  • Ether's price action has resulted in techs sending mixed signals

  • Daily, monthly RSIs are falling & Ether trades below the 10- & 50-DMAs

  • Ether consolidating gains off the Aug. 5 low may be bullish however

  • A rally above resistance near 2800 likely needed to give longs control

  • Investors may stay side lined until US weekly claims, Aug. S&P Global PMI

  • They may also wait until Fed's Jackson Hole conference for cues

  • Fed Chair Powell is scheduled to speak at the conference Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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