The pair is seen retracing slightly since then, as the market consolidates losses, now back to 0.9340. Besides of the US bond auction and Fed's Locker speech, the economid calendar is now empty. The NY empire state manufacturing index came in at -6.16 in October, improving from -10.41 in September, but below the expected -4.55. Retail Sales rose by +1.1% in both monthly and yearly basis, and more than expected. August Business Inventories in the US rose +0.6%, above the +0.5% consensus, but slowed its pace of +0.8% in July.
It is sidelined, but currently holding steady in its range and we need to see a close above 0.9438 to confirm a near term base and upside intent, allowing losses to the 0.9240/.9290 low in a break below 0.9304.
No comments:
Post a Comment