Fedspeak This Week: Hawkish Intent Remains Intact
Fedspeak continues to smash home the hawkish rhetoric as markets churn lower in anticipation of another supersized rate hike in November.
Source: dailyfx.com
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Fedspeak continues to smash home the hawkish rhetoric as markets churn lower in anticipation of another supersized rate hike in November.
The US Dollar Index (DXY) has rejected a concerted move higher over the last 48 hours as markets prepare for tomorrow’s ECB meeting. FOMC, retail sales next week
The US Dollar is testing a major spot of long-term resistance ahead of a very important Non-Farm Payrolls (NFP) release tomorrow.
The US Dollar is holding support in a short-term bull flag, but the onus remains on bulls to negate last week's bearish structure.