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Mar 06 - 01:55 AM

EUR/USD - Fresh High - Focus Swings From Germany To The ECB

By Andrew Spencer  —  Mar 05 - 10:14 PM

• Up 0.1% with the U.S. dollar steady as e-minis slip, UST yields rise

• After the jump in Bund yields, Germany's ability to deliver stimulus is key

• All 82 economists polled expect the ECB to cut 25pts to 2.50% today

• Markets focus will be on the tone of the ECB statement and press conference

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands expand

• Positive daily momentum studies - daily signals show a strong topside bias

• 1.0798 0.618% Sept/Jan fall is under pressure, break targets 1.0937 Nov high

• Wednesday's 1.0602 low, then Tuesday's 1.0472 base are initial supports

• 1.0845/50 2.998BLN are the only significant March 6th strikes
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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