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May 15 - 08:36 AM

EUR/USD - Bears Hold The Advantage After Weekly U.S. Jobs Data

By Christopher Romano  —  May 14 - 08:45 AM
  • Weekly claims lower than prior but continuing claims rise nAPN0E1FF1

  • US$ softens slight but then regains its footings, EUR/USD back below 1.0785

  • Investors more focused on Trump comments on having a strong US$ nL1N2CW0G9

  • Powell negative rates comment from Wed. linger, fed funds prices fall FFJ1

  • EM ccys sink vs. US$, USD/CNH lifts near 7.1300, EUR/JPY hits 115.36 on EBS

  • EUR/USD support at May 7 daily low (1.07665 EBS), stops likely below

  • If stops triggered 1.0720/25 is targeted, March 23 daily low then targeted















eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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