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GBPUSD TECHS

Challenging The 50-Day EMA

EQUITIES

Stocks Welcome Powell's Commitment to Clarity

FED

Powell Press Conference Takeaways

FOREX

Minor Greenback Weakness Prevails Post FOMC

EURGBP TECHS

Key Support Appears Exposed

EURUSD TECHS

Remains In A Tight Range

Eur/Usd: Asia open $1.1619, range......>

EURO SUMMARY
EURO SUMMARY: Eur/Usd: Asia open $1.1619, range $1.1613-72. Europe open $1.1656,
range $1.1626-63. 
* Press reports late NY that US Trump favored Jerome Powell for next Fed Chair
weighed on the Usd in Asia.
* Also angst over Republican Tax Bill, some conjecture corporate tax cuts may
only be temporary and phased out after a decade. 
* Eur/Usd recovered off an early low of $1.1613 to $1.1672 before momentum faded
and rate eased off to $1.1650.
* Recovery efforts were capped just above $1.1660 before early Europe added
weight and took rate back below $1.1650.
* Usd demand remained through the European morning as rate extended the pullback
to $1.1626.
* Rate was seen paring back some of the losses late morning, edged back toward
the $1.1650 level. 
* Fed Powell speaks at 1230GMT. Trump to announce Fed Chair, House Republicans
to announce tax plan. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com