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Nov 01 - 03:55 PM

EUR/USD - Rate, Equity Moves Help Drive Short Covering

By Christopher Romano  —  Nov 01 - 01:47 PM
  • EUR/USD trade 1.1547 on EBS in Europe am, NY opens near 1.1570

  • Limited move early one but buying takes hold due to upbeat risk

  • Equities ESv1 rally while yen sales lift EUR/JPY above 132.25

  • US rates EDMs2US10YT=RR give up some early gains & weigh on US$

  • EUR/USD hits 1.15945 on EBS, little pull back seen, near the high late

  • Rising daily, monthly RSIs & daily bull hammer give techs a bull lean

  • EUR/USD short covering might persist until Fed meeting risk emerges

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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