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Sep 13 - 10:55 PM

EUR/USD - Aggressive Fed Expectations Weigh Into U.S. PPI

By Andrew M Spencer  —  Sep 13 - 08:45 PM

  • +0.15% on bargain hunting in Asia, after falling 1.5% on strong U.S. CPI

  • Expectations of an aggressive Fed, FEDWATCH prices Sept 21 100pt hike at 37%

  • U.S. PPI tonight and retail sales Thursday are event risk for the EUR/USD

  • Ukraine on back burner for markets, but potential major factor nL8N30K2CC

  • Charts; 5, 10 & 21 daily moving averages slip - neutral momentum studies

  • 21 day Bollinger bands contract - mixed signals favour a range

  • September 0.9864-1.0198 range appears a viable range into Fed on Sept 21

  • Rejection of 1.0131 Upper Bolli and close below 1.0002 21 DMA is bearish

  • 0.9950 469 mln 1.0000 1.808 BLN are the close strikes on Wednesday

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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