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Mar 04 - 01:55 PM

EUR/USD - Fed's Powell Not Doing Enough For EUR/USD Bulls

By Christopher Romano  —  Mar 04 - 12:43 PM
  • Fed's Powell says still a long way from our goals nS0N2JQ018

  • Says would be concerned by disorderly conditions in finance markets

  • Says highly unlikely to get to max employment this year

  • Investors not convinced by Powell's comment on finance markets

  • US 10-year yield rallies to 1.54%, eurodollar prices EDZ2 fall

  • Risk sours; US$ bought, stocks give up early gains & turn negative

  • EUR/USD falls sharply, trades to 1.2002 (EBS), almost no bounce seen

  • Bearish techs intensify signals, falling RSIs imply bear momentum building

  • March 2 low & 1.1950/55 are key supports, break of latter targets 200-DMA

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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