Close but no cigar again for EUR/USD buyers ...Middle East

forex live - News
Close but no cigar again for EUR/USD buyers
The pair tried to seek a firm break above 1.1200 three times in September but failed, similar to the previous and first attempt this year back in August. The figure level remains a stubborn point where sellers are leaning on in keeping price action lower for now. The mood music yesterday was not helped by a recovery in the dollar. And that came after Fed chair Powell reaffirmed that they are still looking for just two more 25 bps cuts this year.In terms of Fed pricing, market players are seeing ~62% odds of a 25 bps rate cut for November. And the odds of a 50 bps rate cut have dwindled to ~38% now. It was previously more of a coin flip before Powell spoke yesterday.Going back to EUR/USD, all

Hence then, the article about close but no cigar again for eur usd buyers was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Close but no cigar again for EUR/USD buyers )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News