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Thomson Reuters
Apr 29 - 12:12 PM
EUR/USD - US Data Leaves Traders Indecisive
First appeared on eFXplus on Apr 29 - 09:55 AM
  • Downside miss to US core PCE but consumption above forecast nL1N2281DR
  • UST yields & US$ firm after data, DE-US spreads widen a bit, EUR/USD sinks
  • EUR/USD near flat on the day, daily doji candle forms, suggests indecision
  • Market seems to be waiting for more significant risks due this week
  • China April PMIs, EZ GDP, FOMC & U.S. April jobs report all are big risks
  • If China PMI & EZ GDP surprise to upside EUR/USD shorts could get squeezed

chart: Click here

Source:
Thomson Reuters IFR Markets

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