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Nov 20 - 07:55 PM

EUR/USD - Touch Softer As Yield Spreads Widened Offshore

By Andrew M Spencer  —  Nov 20 - 05:50 PM

  • Touch softer early after closing down 0.4% amid broad USD strength

  • Expectations the pace of ECB hikes may slow gained tractionnL8N32E1UB

  • Yield spreads moves hit euro, 10yr UST +7bp to 3.833%, 10yr bund -2bp 2.018%

  • Blame game as Ukraine nuclear plant shelled nL8N32G07H, potential disaster

  • Charts; momentum studies conflict, 10 & 21 day moving averages climb

  • 21 day Bollinger bands head higher - net a positive trending setup

  • Targets a close above 1.0408 200 DMA - would be first since June 2021

  • 1.0280 486 mln are the only close significant strikes for Nov 21

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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