Dollar remains vulnerable and its index is down on the day

Mkt split 60/40 in favour of a 50bp Fed cut from 15% chance on Sept 11

Fed the main focus and for Wed there is no other game in town

There is no tier one EZ data: market Fed spec over load the main theme

EUR/USD continues to be led by USD/JPY: EUR/JPY off 0.37% at 157.74

Daily EUR/USD chart beginning to form a bullish continuation pattern

Levels to watch: 1.1079 10DMA below and 1.1155 on top, Sept. 6 high

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