As I mentioned yesterday I will be in watching mode until I find out what the final reaction to Mr. Powell´s speech at the Jackson Hole Symposium is. I would assume there is going to be a whipsaw reaction during the speech an once the dust settles the market will show a clear direction. I left a buy order above USD 1960 (spot) since that would be the clearest path should the DXY happens to fall hard and the US10yr rate falls along with it..
I will post an update after the fact. By the way Mr. Powell will be speaking at 9:10 ET.
Have a great day.
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