Sunday, 9 September 2018

Weekly Technical Forecast: EURUSD Awaits Its Break Cue while Aussie and Equities Continue Their Slide

We have transitioned out of the liquidity trap of Summer trading conditions, but that hasn’t put us immediately back on the path of a clear trend for the FX and capital markets. With some benchmarks starting to gain traction (the Aussie and indices sliding), how long until the charge reaches the majors?

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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...