EURUSD just broke 80 pips lower instantaneously as it seems a somewhat delayed reaction to US GDP data sparked panic buying of USDollars (despite Fed Funds futures pricing in no more rate hikes in 2016). At 1.0855, EURUSD is testing the ket 50-day moving-average and is back below pre-Draghi levels…
EURUSD back below pre-Draghi levels…
As Rate-Hike odds for 2016 disappear in a puff of fed policy error…
via Zero Hedge http://ift.tt/1RQVkJr Tyler Durden