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Thomson Reuters
Feb 13 - 03:48 PM
EUR/USD - Longs On The Defensive Again
First appeared on eFXplus on Feb 13 - 01:30 PM
  • EZ Dec IP sees downside miss & Spain parliament rejects budget
  • EZ econ woes extend; Spain political increases as snap election possible
  • US headline & core CPI (y/y) see upside surprises, UST yields & US$ rally
  • All factors, especially CPI, combine to widen DE-US yield spreads
  • EUR/USD weighed down nL1N2080JB, erodes much of Feb 12 gains
  • Techs lean bearish again as EUR/USD slide might resume nL1N2080QN

chart: Click here

Source:
Thomson Reuters IFR Markets

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