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Oct 26 - 03:55 PM

EUR/USD - Post ECB, US Data Downward Momentum Stalls

By Christopher Romano  —  Oct 26 - 01:45 PM
  • NY opened near 1.0540 after 1.0569 traded overnight, slide extended early

  • 1.0521 hit on EBS after ECB statement, US weekly claims, Q3 PCE reports

  • US yields US2YT=RR softened however & US$ slid, EUR/USD rallied

  • EUR/USD rallied to 1.0561 despite dour econ remarks from ECB's Lagarde

  • USD/CNH remained in negative territory & yield slide intensified

  • EUR/USD dipped below 1.0530 then traded near 1.0545 late in the day

  • Techs are a bit mixed; RSIs falling but daily bull hammer candle formed

  • US Sept core PCE, Oct U of Michigan are key risks in NY for Friday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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