Thursday, 13 September 2018

S&P 500 Posts a Gap Not a Breakaway, Euro and Pound After Policy Holds

Gaps higher this past session for US indices and the EEM Emerging Market ETF offer little enthusiasm for genuine risk appetite. EURUSD and GBPUSD offer similar bearings but with different degrees of conviction.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...