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Jan 14 - 03:55 PM

EUR/USD - Longs On Defense As Rate Moves Belie US Data

By Christopher Romano  —  Jan 14 - 01:40 PM
  • EUR/USD falls in Europe's am, NY opens near 1.1455, slide extends

  • Downside US data surprises nL1N2TU18HnAQN0AXT0P soften US$, rates

  • Small post-data EUR/USD lift gets sold however as US$, rates weakness fades

  • Eurodollar prices EDH2 drop, US 2-yr yield US2YT=RR hits a 23-mo high

  • US$ erases overnight losses, turns positive, EUR/USD hits 1.13985 on EBS

  • Pair's drop aided by equity ESv1 fall, EUR/JPY drop to 129.785 on EBS

  • Daily bear engulfing candle, falling daily RSI gives techs a bear lean

  • US rates reaction to data sends warning to EUR/USD longs nL1N2TU1LF

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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