NZD/USD Was Confined to a Narrow Range, Consolidating Above the 200-Day Moving Average After Sharp Post-GDP Selloff

NZD/USD was confined to a narrow range, consolidating above the 200-day moving average after sharp post-GDP selloff

Fed Chair Powell’s speech didn't provide fresh information on the policy outlook. US advance PMIs showed economic activity is holding up well. PMI readings mixed for Europeans

EUR/USD steadies near 1.1800 as traders eye US PMIs and Powell

EUR/USD is trading just shy of the 1.1800 mark in the European session, last seen at 1.1795 after recovering from intraday lows near 1.1785. The Euro found mild support from mixed Eurozone PMI data, though investors remain cautious ahead of key US releases — the flash PMI readings and Fed Chair Jerome Powell’s speech later […] The post EUR/USD steadies near 1.1800 as traders eye US PMIs and Powell appeared first on XtremeMarkets.