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
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Source:
Refinitiv IFR Research/Market Commentary