The information movement has been gentle in European morning commerce however within the huge image, the main focus this week is on Fed chair Powell’s speech at Jackson Gap. There are murmurs of a extra hawkish message and we’re seeing some positioning flows accompany that now with the buck nudging larger.
EUR/USD is down 0.5% to 0.9918 and inching in the direction of 0.9900 once more whereas GBP/USD can also be down 0.5% to 1.1774 after hovering round 1.1800 earlier within the day. I highlighted the technical issues for each pairs earlier right here and right here respectively.
Elsewhere, AUD/USD is down 0.5% to 0.6895 whereas USD/CAD is up 0.3% to close 1.3000 once more whilst oil costs are seen barely larger on the day.
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