July 17, 2018 1:27 PM: Strategy for the Euro [From Mr. YEN Kura's Newsletter]
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Regarding materials catching attention this week, the event to watch is Chairman Jerome Powell's congressional testimony before both chambers scheduled for 11:00 PM tonight the 17th (Tuesday) and 11:00 PM tomorrow the 18th (Wednesday). How will his remarks affect the dollar? Let’s check through GogoJungle's investment newsletter "Real Top Trading" by YEN-Za (Takeshi Tashiro) provided by YEN-Za.
Today, we are likely to be awaiting Chairman Powell's congressional testimony (11 PM).
It is expected that he may indicate that a gradual pace of tightening policy is appropriate.
As mentioned before, if he touches on risks related to trade issues, there could be risk-off moves or dollar weakness.
From YEN-Za's real-time newsletter "Real Top Trading" (Takeshi Tashiro).
The euro dollar has been in a downtrend with a range of 1.15 to 1.18; will it swing toward dollar strength or dollar weakness? (Editorial team)
Euro dollar, daily chart.
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