By Jeremy Boulton — May 16 - 05:40 AM
As expected Eurozone Q1 GDP 0.1% qq and 1.3% yy
EZ ZEW expectations -9.4 in May from 6.4 in April
German ZEW -10.7 in April vs -5.3% f/c and prior 4.1
EUR/USD rises to 1.0904 EBS session high following data
May 16 range 1.0863-1.0904, May range 1.0845-1.1092
Bounce follows drop below base 20-day Bollinger bands - oversold
There are many EUR/USD traders who must sell nL1N37D0J9
FX traders should worry about the crowded dollar short nL1N37D0N9
More cash heads towards Central and Eastern Europe nL1N37D0O3
Source:
Refinitiv IFR Research/Market Commentary