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Aug 02 - 10:55 PM

EUR/USD - Heavy As U.S. Dollar Strength Extends In Early Asia

By Andrew M Spencer  —  Aug 02 - 08:45 PM

  • -0.15%, closed -0.9%, as USD, UST yields jumped on hawkish Fed nL1N2ZE1P1

  • Fed's Bullard: 'Relatively soft landing' feasible for Fed, ECB nL1N2ZE2XV

  • UST yields open a touch softer in Asia, 10yr -1bp 2.730%, 30yr -1bp 2.997%

  • Bearish outside day leaves 5, 10 & 21 day moving averages edging lower

  • Momentum studies conflict, 21 day Bollinger bands contract - neutral setup

  • 1.0294/96, Aug high and upper 21 day Bollinger band are initial resistance

  • 1.0082 61.8% July-August rise is first significant support

  • 1.0100 695 mln, 1.0150 687 mln, 1.0190/00 1.861 BLN today's close strikes

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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