wholesale chain for jewelry Powell's speech enters the final countdown! This currency has fallen below the initial support

wholesale chain for jewelry

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  1. soho jewelry wholesale Foreign Exchange Sky Eye APP News: On Friday (August 23), the euro/USD continued to fall at the European market, minimum of 1.1054; the US dollar index fluctuated higher, with a maximum of 98.45 in the day. Tonight, the global Federal Reserve President Powell gave a speech at the annual meeting of the Global Bank of Jackson Hall!

    This quoted media reports, some people said that Powell may clarify the meeting of the meeting and publish a gentle speech to soothe the market's concerns about the prospect of economic recession. Others believe that Powell may also fight back the expectations of US interest rate cuts.

    It's technical point of view, the US dollar has continued to be supported this week, but the increase is still limited to the 98.50 area. If you go further, it will point to the 2019 high at the 99.00 mark. If the Fed Chairman Powell is unexpectedly favorable tonight, the US dollar may break through the resistance.

    It's technical point of view of the euro, before the Federal Reserve Chairman Powell speeches, the euro/USD is still facing pressure near 1.1060. The upward seemed to be blocked at the bottom of 1.1120, and then the 21st day moving average of 1.1132. If the selling pressure increases, the preliminary support is the low point near 1.1060, and then the low in 2019 is 1.1026.

    In information, some analysts believe that the post -European central bank pigeons expect to build the Federal Reserve pigeon expectation. The evidence is that the European Central Bank has fallen by more than 180 points in the past two and a half weeks of the US dollar. Impressing signals of large -scale interest rate cuts.

    This, if Powell continues to suppress interest rate reduction expectations, the US dollar will rise. The euro against the US dollar will fall below 1.10. In response to the market outlook, Dahua Bank foreign exchange analysts believe that the euro against the US dollar will still point to the 1.1020 area.

    The exchange rate continues between 1.1060 and 1.1115, but the breakthrough range will fluctuate faster. The next support at 1.1060 is located at 1.1025, 1.1115, which is located at 1.1160.

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