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May 17 - 03:55 PM

EUR/USD - Conviction Is Lacking On Conflicting Signals

By Christopher Romano  —  May 17 - 02:17 PM
  • EUR/USD rallies in Europe am, 1.2169 trades on EBS just ahead of NY's open

  • Prices paid component of NY Fed Empire Index rises, stokes inflation concern

  • US 10-yr yield rallies, eurodollar prices dip, US$ gets bought EUR/USD sinks

  • Overnight gains erode, pair turns negative, hits 1.2135 on EBS in NY trading

  • US$ buying fades as equities bounce & oil rallies, EUR/USD nears 1.2160 late

  • A daily doji candle forms which implies some investor indecision is present

  • Threats to EUR/USD's short-term rally are mounting nL2N2N419M

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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