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May 08 - 03:55 PM

EUR/USD - Shorts Hold The Edge After Fed's SLOOS Report

By Christopher Romano  —  May 08 - 02:20 PM
  • EUR/USD opened NY near 1.1045 after rallying slightly overnight

  • US regional bank, equities ESv1, oil LCOc1 gains helped buoy

  • Pair then hit 1.10115 on EBS, EUR/JPY slide toward 148.50 weighed

  • Wider DE-US spreads US2DE2=RR, slide in stocks added weight

  • Fed's SLOOS survey highlighted tightened credit through Q1 2023

  • EUR/USD hit 1.1005 on EBS after SLOOS as US rates SRAU3 firmed

  • Falling RSIs, daily inverted hammer give techs a bearish lean

  • US April CPI & it's impact on Fed policy risk looms for Wednesday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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