BofA sees downside risk in EUR/GBP

BofA sees downside risk in EUR/GBP
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BofA sees downside risk in EUR/GBP
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Chair Powell’s Jackson Hole speech represented a marked shift in tone from the Fed’s July minutes earlier this week. The minutes suggested that most FOMC members saw the upside risks to inflation as “more salient” than the downside risks to inflation, but Chair Powell acknowledged today that the balance of risks “appears to be shifting”….
The ongoing US geopolitical risks limit the dollar’s upside. The euro displays resilience against rising fiscal concerns and weak trade performance. Traders look forward to comments from ECB Lagarde for insights into monetary policy. The EUR/USD forecast shows downside momentum as the pair hovers below 1.1600, maintaining steady momentum as the US Dollar Index (DXY)…
USD/JPY 02.08.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
NASDAQ Futures – Six-Hour Order Flow Analysis (from orderFlow Intel at investingLive.com – formerly ForexLive) Nasdaq Futures Price at the Time of orderFlow Intel Report Over the past six hours, NASDAQ futures have moved through two clear phases. Early on, buyers managed a steady recovery from an initial dip, absorbing selling and pushing higher. But…
How Government Spending Is Shaping Forex Markets | Orbex XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
The SNB is stepping up its intervention talk, putting franc pairs like EUR/CHF back in focus. Will that be enough to push the pair toward a key area of interest? Here’s what we’re seeing on the daily chart: EUR/CHF Daily Forex – Chart Faster with TradingView In case you missed it, SNB Chairman Martin Schlegel…