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Jul 26 - 04:55 PM

EUR/USD - Growth, Energy Concerns Sink Risk Ahead Of Fed Risk

By Christopher Romano  —  Jul 26 - 01:55 PM
  • EUR/USD fell sharply in Europe on EU gas curb agreement nL1N2Z70VU

  • NY opened near 1.0150, slide extended on soured risk sentiment

  • Equities ESv1, global yields DE2YT=RREDZ2 fall on growth concerns

  • Safe-havens US$, yen gain; USD/CNH broke 6.7700, EUR/JPY hit 138.145 on EBS

  • IMF cut to global growth nL1N2Z716F reinforced risk-off theme

  • EUR/USD traded to 1.0108 on EBS before bouncing near 1.0120 late in the day

  • Techs are bearish; 10-DMA breaks, daily & monthly RSIs are falling

  • EUR/USD is on very shaky ground ahead of the Fed nL1N2Z713C

  • Fed meeting in focus, if very hawkish result EUR/USD likely to fall further

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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