Derived Data That Drive Results
First appeared on eFXplus on Nov 12 - 02:40 AM
Germany's November ZEW data seen -13 from -22.8
Big improvement but still negative, won't alter current rates/ECB policy
ECB APP began Nov 1, so yet to really be felt in FX or bonds
Better data will support risk. Risk-on EUR/USD bet is short for carry
Data should add weight on EUR/USD within current 1.09-1.12 bounds
Daily cloud top @ 1.1064 weighs. Today's range so far below 55-DMA 1.1039
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EUR/USD daily Click here
Source:
Refinitiv IFR Research/Market Commentary
