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Jan 05 - 06:55 AM

EUR/USD - Playing A Waiting Game Ahead Of U.S. Event Risks

By Peter Stoneham  —  Jan 05 - 05:11 AM
  • EUR a little better bid early Wed but activity remains subdued

  • A recovery high of 1.1311, EBS pricing, having based at 1.1273 Tues

  • EUR/USD slow to get going despite decent moves in USD/JPY and GBP/USD

  • Market waiting for tonight's FOMC minutes and Friday U.S. payroll data

  • Fed hawkish rate outlook shaping much of the New Year forex trade

  • Minneapolis Fed Pres. expects CB to raise rates twice this year nL1N2TK14S

  • EUR/USD levels to watch: daily trend supp. 1.1256 and cloud top at 1.1471

    For more click on FXBUZ

EUR/USD daily Ichimoku chart: Click here

Refinitiv IFR Research/Market Commentary


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