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Oct 28 - 06:12 AM
EUR/USD - Good Chance EUR/USD Drops After A Fed Cut This Week
First appeared on eFXplus on Oct 28 - 03:55 AM
  • Traders see 90% chance that Fed cuts rates 25bps on Oct 30 FEDWATCH

  • Traders only see one rate cut this year. One and done for year

  • EUR/USD traders pared shorts from 9.4bln to 6.4bln Oct 17-Oct 22

  • EUR traded Oct high @ 1.1180 on Oct 21. Pair since lower to 1.1073

  • Smallest short position since mid-Sep. Pair over mid-point 1.09-1.12 range

  • Fed cut priced in, many shorts taken out, downside risk grows substantially







EUR/USD betting Click here

Source:
Refinitiv IFR Research/Market Commentary

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