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Dec 16 - 03:55 PM

EUR/USD - Boosts After ECB, BOE Falter As Risk Sours

By Christopher Romano  —  Dec 16 - 01:41 PM
  • EUR/USD drops to 1.12905 on EBS in Europe, NY opens near 1.1295 then rallies

  • Initial lift gets driven by BOE surprise rate hike nL1N2T10MH

  • ECB statement nS8N2R300H drives next lift, 1.13605 trades on EBS

  • Lagarde nL8N2T15D9, ECB inflation outlook nL8N2T04M6 don't extend gains

  • Risk sours; equities ESv1 fall, yen buys sink EUR/JPY to 128.48 on EBS

  • EUR/USD dips below 1.1300 before bouncing, sits near 1.1315 late in the day

  • Techs are mixed; daily inverted hammer forms; daily RSI rises, monthly falls

  • ECB, inflation outlook give EUR/USD longs some legs for now nL1N2T11O0

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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