Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 07 - 03:55 PM

EUR/USD - Longs Quick Boost On Powell Comments Fades Just As Quickly

By Christopher Romano  —  Feb 07 - 01:40 PM
  • EUR/USD slid overnight, NY opened near 1.0705, slide extended in the a.m.

  • Firmer US rates EDZ3, US$ buys & risk-off sank EUR/USD to 1.06695 on EBS

  • Risk improved during Powell's comments nW1N33R03B, rates, U$ softened

  • Equities turned positive while USD/CNH fell towards 6.7765

  • EUR/USD rallied into positive territory, struck 1.0767 on EBS then slid

  • US$ firmed again and EUR/USD sat near 1.0705 late, traded down -0.20%

  • Techs lean bearish; RSIs are falling and the pair is below 10- & 21-DMAs

  • For more click on FXBUZ





Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!