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Aug 30 - 04:55 AM

EUR/USD - Constructive As Taper Focus Shifts

By Peter Stoneham  —  Aug 30 - 02:46 AM
  • Powell deflated the taper speculative bubble; focus now on ECB nL1N2PY1FI

  • Market chasing Fed and ECB taper story: could stymie EUR/USD direction n/t

  • Recent comments from ECB economist Lane hinted at a slowing of PEPP buying

  • Analysts now speculating that Sept 9 ECB meet might decide on taper timing

  • Fed taper outlook seen heavily dependant on labour data: payrolls Friday

  • EUR/USD could become more balanced this week but techs might dictate terms

  • Close above a key 1.1806 Fibo (EBS) fighting the euro's corner nL1N2Q10BD

  • Note, 100WMA is poised to cross above the 200WMA, bullish signal

    For more click on FXBUZ

EUR/USD weekly candle chart; Click here

Refinitiv IFR Research/Market Commentary


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