Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 13 - 04:55 AM

EUR/USD - Finds Neutral Balance, May Be Quiet Until Sep 22 Fed

By Jeremy Boulton  —  Sep 13 - 02:47 AM
  • EUR/USD traded 1.1909 EBS after NFPs on Sep 3 with traders paring shorts

  • Net long position more than doubled from $1.5bln to $3.9bln IMM/FX

  • Change in betting was almost entirely due to paring shorts

  • CFTC compiled Sep 7 when EUR/USD peaked 1.1888 sinking to 1.1783 today

  • After NFP release EUR/USD was overbought above peak 20-day bollinger bands

  • Today EUR/USD reverts to centre of bands (neutral ground met)

  • Good chance ranges tighten ahead Sep 22 Fed decision

  • Ranges may not stretch beyond 50 pips either side 1.1788 until Sep 22

  • EUR/USD may well gravitate towards 431mln expires at 1.1800 today


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!