Going into this week, price adjustments are happening for a number of markets, EURUSD, AUDUSD, US Stocks, XAUUSD to name a few.
These seem to be the result of much needed adjustment to excess liquidity market related to seasonal factors.
With the election approaching, US stocks are easier to adjust in September and October each year.
Although it is unclear how far the stock price adjustment will go,
considering the extreme high interlocking among the positions of the above, the fall for EURUSD pair is likely to continue given US stocks are in down trend.
Adjustments for EURUSD, AUDUSD are likely to continue throughout September and October, with the AUDUSD pair falling earlier, would it be possible that a rebound is on the cards?