Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 01 - 09:55 PM

EUR/USD - Firmer With The USD Under Early Pressure

By Andrew M Spencer  —  Nov 01 - 07:45 PM
  • +0.1% after closing 0.05% lower, rebounding from a 1.0517 post FOMC dip

  • Treasury yield slump as markets price no further Fed hikes is EUR positive

  • Yield spreads tightened, 10yr bund -5bp 2.758% and 10yr UST -14bp 4.734%

  • Charts - momentum studies conflict, 5, 10 & 21-day moving averages climb

  • 21-day Bollinger bands contract - signals show a modest positive bias

  • This week's 1.0517 - 1.0675 range is initial support and resistance

  • 1.0540/45 3.083BLN and 1.0600 1.053BLN are the close strikes for Nov 2

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!