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On Wednesday the 21 st of August, trading on the euro closed down. The FOMC minutes didn’t have much of an effect on markets. The US Fed continues to rely mostly on economic data to guide its policy, ...
There were a couple who wanted a 50 bp cut, and several did not want to do anything. Most thought the cut was a mid-cycle adjustment. The tilt was to more hawkish. The EURUSD quickly fell to a low of ...
EUR/USD is trading around 1.1100, in familiar ranges. Italian President Mattarella will explore if a new government can be formed after PM Conte resigned. The FOMC Minutes are eyed later in the day.
If you have been reading my posts in the Technical section of Forexlive on the EURUSD, they have the been saying the same thing (CLICK here and scan for EURUSD posts). There is resistance in the ...