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Aug 25 - 06:55 AM

EUR/USD - Double Helping Of Bad News From IFO Data May Sink EUR/USD

By Jeremy Boulton  —  Aug 25 - 04:09 AM
  • Germany's IFO sinks to 99.4 in August missing 100.4 f/c

  • Current conditions improved so weakness is in expectations

  • Expectations fell to 97.5 from 101.2 missing 100.0 f/c

  • For traders the future is what matters

  • Traders were sitting a big bullish bet into the event IMM/FX

  • Data ups likelihood be are pared ahead Jackson Hole and Sep Fed

  • Look for slide within 20-day Bollinger bands 1.1645-1.1773



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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