Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 26 - 03:55 PM

EUR/USD - Spread, US Yield Influences Fail To Corral Bulls

By Christopher Romano  —  Sep 26 - 01:35 PM
  • NY opened near 1.1155 after pair rallied overnight, pair fell in early NY

  • SpreadsUS2DE2=RR widened, yieldsUS2YT=RR gained to help EUR/USD drop

  • Weekly claims, durable goods reports helped rally yields & the US$

  • EUR/USD traded 1.11258 on EBS but buyers emerged & pair turned positive

  • US$ buying abated as risk rallied; USD/CNH fell & stocks, commodities gained

  • EUR/USD traded 1.1189 on EBS then dipped, pair neared 1.1175 late, up +0.40%

  • Consolidation of gains off Sept. 11 low, rising RSIs are bullish signals

  • US Aug. PCE is a key risk Friday, Sept. U of Michigan final is also a risk

  • 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
© 2024 eFXdata · All Rights Reserved
!