Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!