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Jan 13 - 03:55 PM

EUR/USD - Most Gains Hold As Dollar Longs Play Defense

By Christopher Romano  —  Jan 13 - 01:50 PM
  • EUR/USD rallies in Europe's am, NY opens near 1.1460, lift ensues

  • US$ selling persists in NY as US rates US2YT=RR trade heavy

  • More weight added on US$ after US weekly claims, PPI nL1N2TT185

  • EUR/USD rallies to 1.1482 on EBS before US$ selling abates

  • Equities ESv1 turn negative & yen buys drive EUR/JPY down to 130.63 on EBS

  • EUR/USD drops toward 1.1445 but manages to lift above 1.1460 late in the day

  • Rising RSIs, monthly bull hammer, hold above the cloud are bull signs

  • EUR/USD rally exposes more upside risks after US CPI reaction nL1N2TT1BM

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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