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Nov 03 - 09:55 PM

EUR/USD - Broad USD Strength And Central Bank Outlooks Weigh

By Andrew M Spencer  —  Nov 03 - 07:55 PM

  • Steady after closing down 0.65%, amid broad USD strength and tumbling GBP

  • 10yr spread little changed, 10yr bund +12bp 2.251%, 10yr UST +14bp 4.718%

  • ECB less hawkish than Fed, as EZ economy is currently weaker nL8N31Z396

  • Charts; momentum studies, 5, 10 & 21 day moving averages crest or fall

  • 21 day Bollinger bands ease - daily charts show a modest negative setup

  • Close below 0.9744, 61.8% Sep/Oct rise to target 0.9528 Sep trend low

  • 0.9828 21 day moving average and Wednesday's 0.9838 high first resistance

  • 0.9750 615 mln, 0.9790 973 mln 0.9800 643 mln today's close strikes

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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