Thursday, 13 September 2018

USD Showing Signs of Exhaustion, Upside Limited

Speculators have reduced $2.5bln USD long positions in recent weeks. Risks are to the downside for today’s CPI print following yesterday’s soft PPI report

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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...