Disliked{quote} Showing my ignorance here, I had never heard of that index.Ignored
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Disliked{quote} Showing my ignorance here, I had never heard of that index.Ignored
Even though it is not on their focus list, they are heavily data dependent and will be watching all aspects of the economy, especially leading indicators of consumer spending. A major deviation on the weaker side could kick start more dollar selling and add another nail to the rate cut which has a 57% probability according to the fed watch tool.
Later we hear from Powell which has the potential to move the market. In the portal, you can go over everything he said up until now so that it is fresh in your mind for the speech. If he changes his tone or adds new information then we should see some dollar action. Mostly, however, he is expected to repeat what he has already said.
Note: The dollar as you have noticed has been selling off since Powell and there should be plenty of technical opportunities. Watch out though for a good consumer sentiment reading as it might water the action down until Powell.
today Fed Chair Powell Speaks possible pullback usd?
Dislikedhttps://www.forexfactory.com/news/92...ke-a-good-time Some small speech news to push down to 1.1340 before going up? Or maybe a confirmation that EURUSD is falling ? We will see. BUt they wont cut more than 0.50 so looks like EURUSD bearish.Ignored
DislikedNot by much and nothing being said changes the picture (yet). It does provide more context to Last week however, I like the questions being asked.Ignored
DislikedEcotrader, please give us your thoughts on the news and what do you think where is EURUSD going, thank you.Ignored