Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 09 - 03:55 PM

EUR/USD - Bears Loosen Their Hug A Bit

By Christopher Romano  —  Sep 09 - 01:35 PM
  • NY opened near 1.1040 after 1.10908 traded on EBS overnight, slide extended

  • Wider DE-US spreads US2DE2=RR, firm US yields & US$ weighed on the pair

  • EUR/USD fell further but only traded down to 1.10343, buyers emerged

  • US yields, US$ softened; USD/CNH erased some gains & EUR/JPY rallied

  • Stocks ESv1 and commodities XAU=LCOc1 gained to help weigh on US$

  • EUR/USD neared 1.1055 late but still traded down -0.30% in NY's afternoon

  • Falling RSIs, move below 5- & 21-DMAs gives technicals a bearish lean

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!