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Oct 25 - 03:55 PM

EUR/USD - Dollar, Yields Help Keep Bearish Pressure In Place

By Christopher Romano  —  Oct 25 - 01:40 PM
  • NY opened near 1.0575 after 1.06065 traded on EBS, EUR/USD lifted early

  • Pair rallied above 1.0595 but could not sustain upward momentum

  • US yield US2YT=RR gains rallied US$ & drove risk-off sentiment

  • Stocks ESv1, copper Hgv1 fell and USD/CNH rallied to 7.3308 on D3

  • EUR/USD slid below the 10-DMA, traded near 1.0565 in NY's afternoon

  • Techs lean bearish; RSIs are falling & the 55-DMA capped the rally

  • ECB risk looms Thursday, market widely expects rates to remain on hold

  • US Q3 GDP, weekly claims & Sept durable goods orders are data risks in NY

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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