Discover the 10 most reliable candlestick patterns for trading the financial markets.
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Discover the 10 most reliable candlestick patterns for trading the financial markets.
from DailyFX – Market News https://bit.ly/3FbZ0DS
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EUR/USD bounces on Euro Area inflation beat. Long-term direction still unclear as markets await Fed Powell speech and NFP data.
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The precious metal is stuck in a holding pattern, waiting for Fed chair Jerome Powell’s speech on the Economy, Inflation, and the Labor Market, later in the session.
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The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market listen and it rescue the USD (DXY) Index?
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Event risk has started pick up this past session with US consumer confidence, Germany CPI and Canadian GDP. However, the fundamental stir that would follow this data wouldn’t rise to the scale to force the S&P 500 nor EURUSD from their narrowest 12-day ranges in months. That spark likely lies ahead.
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