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EURUSD dipped to new two month low early Tuesday, remaining under pressure from risk aversion on China’s latest stimulus news and wide expectations of ECB rate cut by 25 basis points on Thursday. After registering a daily close below 1.0944/35 (Fibo 61.8% of 1.0775/1.1214 / daily cloud base / 100DMA) bears now pressure pivots at […]

The post EUR/USD: Increased Downside Pressure Below Daily Cloud appeared first on Action Forex.

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27/08/2024

Sunset Market Commentary

Markets Friday’s Jackson Hole speech by Fed chair Powell seems to have given the nod for a final holiday week stretching until the September 2nd Labour Day Holiday. US yields rebound 1.9 bps (2-yr) to 4.2 bps (30-yr), strengthening our bottoming out case after they failed to set a new bottom in the wake of […]
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