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Thomson Reuters
Jun 04 - 03:48 PM
EUR/USD - Fed Expectations Help Keep Pair Buoyed
First appeared on eFXplus on Jun 04 - 01:40 PM
  • Dip in early NY after EZ data & daily cloud spook bears
  • Downside limited as Fed takes a cautious stance
  • US$ sold across the board while Japanese yen sales allow EUR/JPY gains
  • Pair up small on day; RSIs rise & pair above 55-DMA, daily techs favor bulls
  • ECB Thursday, dovish stance expect but impact could be limited
  • US May employment report another risk on Friday

chart: Click here

Source:
Thomson Reuters IFR Markets

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