Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 15 - 04:55 PM

EUR/USD - US CPI, Sales Reports Fuel Bulls, 2-Month High Hit

By Christopher Romano  —  May 15 - 01:50 PM
  • NY opened near 1.0825 after 1.08135 hit on EBS overnight, rally extended

  • US CPI, sales reports indicated cooler inflation, consumer demand softens

  • Yields US2YT=RR, US$ fell as data gave Fed some good news on inflation

  • Risk assets gains; stocks ESv1, gold XAU= gained & USD/CNH dropped

  • EUR/USD rallied above the daily cloud top, traded 1.08805 on EBS

  • Pair struck a 2-month high and traded up +0.53% late in the day

  • Techs lean bullish; RSIs are rising, pair above daily cloud & daily MAs

  • US April housing starts & IP, May Philly Fed & weekly claims due Thursday

  • 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
!