Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 12 - 08:55 PM

EUR/USD - Heavy Amid US Inflation Fears - Large 1.0250 Strikes

By Andrew Spencer  —  Jan 12 - 06:54 PM

(Headline to read 1.0250 instead of 1.02650 strikes)

• Off 0.05% early after closing down 0.5% with the U.S. dollar up 0.5%

• Yield spreads widened after strong US jobs data sparked US inflation fears

• 10yr bund closed +4bp to 2.576% and 10yr Treasury yields rose 8bp to 4.763%

• Chances of a viable French budget deal with the Socialists make progress

• Charts - daily momentum studies ease, 21-day Bollinger bands slide

• 5, 10 & 21-DMAs slip, weekly moving averages fall - a negative trending bias

• Friday's 1.0312 top, then last week's 1.04537 high are initial resistance

• 1.0212 low on Friday then 1.0195 0.618% of the 2022/2023 rise first supports

• 1.0200 3.887 BLN and 1.0250 2.507 BLN are the close strikes for Jan 13th
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!