Dear friends, in general, this currency pair has weakened due to the cautious tone of risk sentiment while the US dollar remains steady ahead of the Fed's interest rate decision and important employment data from the United States.
The focus now is on the US data and the FOMC meeting. The data from the US on Tuesday produced mixed results, with a decrease in consumer confidence, a 1.1% increase in employment costs index in Q3, and a decrease in Chicago PMI index to 44. These numbers did not have a significant impact on the market. Therefore, it is likely that prices will move within the expected range of 1.065 - 1.052.
Do you agree with my analysis? What is your view?
The focus now is on the US data and the FOMC meeting. The data from the US on Tuesday produced mixed results, with a decrease in consumer confidence, a 1.1% increase in employment costs index in Q3, and a decrease in Chicago PMI index to 44. These numbers did not have a significant impact on the market. Therefore, it is likely that prices will move within the expected range of 1.065 - 1.052.
Do you agree with my analysis? What is your view?
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