Rough Road Ahead for the Fed!
Jerome Chair Powell repeated his hawkish message in yesterday’s testimony. The Fed stated they would make further rate increases, adding that the process would be bumpy. This kept the Euro firm over the Dollar, as the 300 pip drop from last week ensued. Timestamps EURUSD 01:35 USDJPY 03:00 The post Rough Road Ahead for the […]
Bulls have softer road to travel past 0.9200
USD/CHF grinds higher inside monthly triangle, struggling to extend two-day uptrend. Sustained break of 10-DMA, bullish MACD signals keep buyers hopeful. USD/CHF buyers lurk around six-week-old descending support line. USD/CHF bulls take a breather around 0.9210 during Monday’s sluggish Asian session, following a two-day uptrend, as traders await this week’s bumper data/events. Also challenging the […]