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Apr 06 - 03:55 PM

EUR/USD - Shorts Maintain The Advantage After The Fed Minutes

By Christopher Romano  —  Apr 06 - 02:20 PM
  • EUR/USD hit 1.08735 on EBS in Europe am then bounced, NY opened near 1.0910

  • Lift extended as DE-US spreads tightened & EUR/JPY rallied to 135.43 on EBS

  • EUR/USD lift also aided by oil LCOc1 drop; 1.0938 hit on EBS, drop ensues

  • Yen buyers sink EUR/JPY below 135.00, EUR/USD nears 1.0900 into Fed minutes

  • Minutes show officials "generally agreed" to trim $95bln per month off BS

  • Officials generally agreed appropriate to consider MBS sales nS0N2UR064

  • EUR/USD spiked up to 1.0929 after minutes then quickly fell below 1.0885

  • Techs are bearish; RSIs falling, 10-DMA crossing below the 21-DMA

  • A EUR/USD correction is likely an opportunity for bears nL2N2W40YL

  • For more click on FXBUZ

eurusd Click here

Refinitiv IFR Research/Market Commentary


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