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Aug 13 - 04:55 PM

EUR/USD - Sheds Gains As Treasuries Lead Risk-Off Dollar Rebound

By Randolph Donney  —  Aug 13 - 02:55 PM
  • Rise to 1.1864 EBS high after claims beat reverses after London close

  • Poor 30-year Tsy auction throw fuel on rising yields & risk-off fire

  • S&Ps go from session high to low in post-auction slide

  • Risk-off flow favor dollar, which has funding global reflation trades

  • Back by pivotal 1.18, long candle wick a worry with record spec longs

  • Key is whether Treasury yield rise abates after 30-year is digested

  • US retail sales, industrial production and Michigan sentiment out Friday

  • Key support is last week's 1.1695 low. 1.19 options obstacles above

For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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