Quotes from BofA Merrill Lynch:
- EUR/USD is correcting higher. Since the Jan-29 low at 1.1098, EUR/USD has been stuck in a choppy correction.
- Within this correction, we look for one last push higher toward 1.1730, before renewed topping and a resumption of the larger bear trend for 1.1098, ahead of 1.0765 and eventually below.
- A break of 1.1270 says the downtrend is resuming.
Commentary
EUR/USD correction higher continues: BofA Merrill Lynch
Quotes from BofA Merrill Lynch:- EUR/USD is correcting higher. Since the Jan-29 low at 1.1098, EUR/USD has been stuck in a choppy correction. - Within this correction, we look for one last push higher toward 1.1730, befo…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
