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Thomson Reuters
May 18 - 05:00 AM
EUR/USD - Likely Anchored To 1.1800 But Data Should Support
First appeared on eFXplus on May 18 - 02:45 AM
  • EUR/USD just 1.1790-1.1815 in Asia and 1.1785-1.1812 in N America
  • High probability pair now anchored by EUR 1.8 bln 1.1800 option expiries
  • Additional EUR 500mln expiries at 1.1875
  • German wholesale prices/PPI rise but both series @ low levels, see charts
  • EU C/a data at 9GMT and trade data @ 10GMT should underpin the euro
  • Softer euro should boost already large surpluses, last EUR 34/19bln resp

German wholesale prices Click here

German PPI Click here

Source:
Thomson Reuters IFR Markets

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