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TDUX
May 07 - 11:55 PM

EUR/USD - Sidelined, US-Iran Negotiations Lack Credibility

By James Connell  —  May 07 - 11:13 PM

• EUR/USD flat wtd amid flailing efforts to deliver peace to the Middle East

• Trump says strikes on Iran retaliatory; Iran says U.S. violated ceasefire

• ECB's Schnabel sees potential for Jun rate hike if energy shock lingers

• EU Mar retail sales -0.1% m/m (poll -0.3%), +1.2% y/y (poll +1.0%)

• EUR sits clear of 1.1650 inflection zone, but needs fresh impetus to rally

• U.S. Apr non-farm payrolls due Fri, Reuters poll consensus +62k

• Range Asia 1.172225-3375, support 1.1650 1.1409, resistance 1.1850 1.1930
EUR Weekly 52-WMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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