FOREX: Fundamental Analysis Euro/US DollarFX:EURUSDjohnelfedforexblogTuesday 26 August: It's been a fairly subdued start to the week, I was a little disappointed USD selling didn't continue on Monday. I couldn't see a particular reason for USD strength. Maybe profit taking following Friday's move? Maybe just 'summer lull trading' ? ( I reiterate that I'm 'hopeful' September will bring more volume and 'sustained' moves). President Trump (who has been quiet of late) did his best to stir the pot with tariff threats and an attempt at 'firing' FED member COOK. But (for the time being) the market arrears increasingly impervious to the president's words. The EUR suffered on Monday, thanks to political instability in France and suggestions the ECB will continue cutting rates next year, if anyone placed a EUR short trade yesterday , I would find it hard to disagree. The RBA minutes didn't really tell us anything new. The RBA 'might' cut depending on upcoming data. Thursday's AUD CPI could create an opportunity in either direction. All in all, I continue to hold my 'mild risk on bias' particularly for USD short. But I feel a trade in the current environment would be more of a 'punt' rather than something I have confidence in. I'd rather wait for fresh momentum or a fresh narrative.