So what do have to go on as European traders arrive at their desks ?
Well, levels that leave the next moves delicately poised imho
USDJPY has a raft of offers between 104.00-10, EURUSD decent support between 1.3200-25, GBPUSD with more than a few bids between 1.6540-50 , USDCHF with fresh sellers at 0.9150 and more at 0.9180-85. Gold down to 1276.90 but with bids around 1275
Certainly enough in that mix to prevent (further) one-way traffic so we should see some good opportunity ahead of what is rapidly becoming a key Jackson Hole meeting and what Aunty Janet may bring in her latest missive. Is she likely to be anywhere as hawkish as the Minutes suggest/markets interpret?
Let the games commence!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.