Forex Today: dollar maintains a higher bid tone post FOMC prior to nonfarm payrolls, WTI bulls surrender part 2
Currency action
Meanwhile, analysts at Westpac offered a outline of the value action from long as follows:
EUR/USD fell from close to one.1220 to 1.1175.
USD/JPY was range-bound within the mid-111s.
AUD/USD fell from zero.7030 to a coffee of zero.6995, in line with broad USD gains in London trade.
NZD fell from zero.6640 to 0.6608.
AUD/NZD slipped from one.0595 to 1.0575.
WTI bulls surrender
As for the artifact house, oil was a giant mover: WTI bulls capitulated, pessimistic continuation wedge commencing to play out (long term play) - $51.64 worth target
"President Trump has place pressure on Asian nation to create up the insufficiency, despite it being a part of the assembly cut agreement. That agreement are going to be a mentioned at the future international organization meeting, with the market changing into more and more assured it'll not be extended. we tend to see this as unlikely, with Asian nation keen to avoid the error it created last year, once it raised output prior to Persia sanctions, just for the US to supply waivers and oil costs later folded,"
Analysts at ANZ Bank explained.
Key notes from U.S. session:
Wall Street bears taking back management following Powell's hawkish twist to Wed's FOMC meeting
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