On the monetary side, Fed taking the spotlight so let’s start digging into the details…
Expecting the Fed to lower the “dots” signalling one hike in 2019 … a “one and done” approach. June seems unlikely now as the Fed has started to focus on inflation to keep equity markets happy.
My base case is for a hike in December meaning the dollar looks underpriced at current levels and with a lingering ECB easing risk premium EURUSD will start the leg lower after we clear Fed and PMIs.
From a technical standpoint we are sitting at strong resistance, any kneejerks higher (unlikely) will attract a lot of selling interest.
Best of luck all those trading Fed
Expecting the Fed to lower the “dots” signalling one hike in 2019 … a “one and done” approach. June seems unlikely now as the Fed has started to focus on inflation to keep equity markets happy.
My base case is for a hike in December meaning the dollar looks underpriced at current levels and with a lingering ECB easing risk premium EURUSD will start the leg lower after we clear Fed and PMIs.
From a technical standpoint we are sitting at strong resistance, any kneejerks higher (unlikely) will attract a lot of selling interest.
Best of luck all those trading Fed
評論:
"EURUSD will start the leg lower after we clear Fed and PMIs." ... currently in play
評論:
Reaching the final stages here for bears...
交易結束：目標達成:
First targets cleared on the test at 1.11183
