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May 08 - 04:55 AM

EUR/USD - Ignoring German Revision Risk

By Peter Stoneham  —  May 08 - 03:35 AM
  • German industrial production fell more than expected in March

  • Manufacturing and retail sales misses could taint final Q1 GDP

  • preliminary Q1 GDP was unchanged from 0.5% Q4 contraction: revision risk

  • Broad dollar losses dominate a thin Monday market

  • Sentiment to remain bullish while market prices in Fed rate cuts in 2023

  • EUR/USD extending gains from Friday's bull signal: hammer candle

  • Highs of 1.1050 (EBS pricing) in early Europe despite German recession risk

  • EUR/USD key support at 1.0940 and resistance ahead of 1.1100

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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