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Jul 28 - 03:55 PM

EUR/USD - US GDP Counters EZ Data, Yen Influences

By Christopher Romano  —  Jul 28 - 01:40 PM
  • EUR/USD hit 1.0234 o EBS in Europe, fell sharply after EZ data nL8N2Z93ZK

  • NY opened near 1.0135, slide extended, pair hit 1.0114 before DE & US data

  • DE HICP above estimates nL8N2Z96VP, downside miss for US GDP nL1N2Z83DU

  • US$, US rates EDZ2 fall on GDP, EUR/USD spikes up to 1.0175 on EBS

  • EUR/USD gains tempered by EUR/JPY falling sharply, traded to 136.38 on EBS

  • EUR/USD holds below 10- & 21-DMAs, down near -0.40% late in the session

  • Falling daily, monthly RSIs are bearish technical signals

  • EUR/USD drop not assured due to expectations for Fed, ECB moves nL1N2Z91K4

  • US June PCE prices, Q2 employment costs are key data risks for Friday

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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