Powell’s ‘time has come’ keynote speech last Fri at Jackson Hole gave markets greater conviction to put on risks while selling the USD. His speech was clear in establishing a rate cut cycle though he left out specifics in terms of magnitude and pace of cuts, OCBC FX strategists Frances Cheung and Christopher Wong note.
Clean break below puts 99.60 in focus
“Focus has clearly tilted towards supporting labour market and that policy decision remains data dependent. This puts greater focus on payrolls report (6 Sep) while this week, we have core PCE (Fri).
“DXY was last at 100.84. Bearish momentum on daily chart intact while RSI is near oversold conditions. Support at 100.60 levels. Clean break puts 99.60 in focus. Resistance at 101, 101.50 and 102.20 (23.6% fibo).”
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。