By Andrew M Spencer — Nov 14 - 09:50 PM
+0.05% in a 1.0523-1.0542 range, as UST yields firmed and E-minis eased
There is no tier-one Eurozone data, so US retail sales lead event risk
Fed Chair Powell is cautious on rate cuts - the ECB is more confident
Diverging interest rates, and Trump tariffs to cap EUR/USD in coming weeks
Charts - daily momentum studies slip as 21-day Bollinger bands expand
5, 10 & 21-day moving averages fall, signals show a bearish trending setup
Thursday's 1.0583 high and then Tuesday's 1.0663 top are initial resistance
The 1.0448 2023 base, then 1.0402, 0.500% 2022/23 rise should be resilient
1.0500 3.210 BLN and 1.0550 990mln are the close strikes for Nov 15th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary