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May 24 - 03:55 PM

EUR/USD - Short Had Control, Kept It After Fed Minutes

By Christopher Romano  —  May 24 - 02:10 PM
  • EUR/USD fell to 1.0748 on EBS in Europe, NY opened just above that level

  • Pair rallied early NY; yen sales rallied to EUR/JPY to 149.90 on EBS

  • EUR/USD followed EUR/JPY hit 1.0801 on EBS but turned lower again

  • US$ buying driven by rate SRAU3 gains helped drive EUR/USD down

  • Equity ESv1, commodity HGv1 slides helped to underpin US$ buying

  • Muted reaction after minutes of the Fed's May 2-3 meeting release

  • EUR/USD remained lower on the session, traded down -0.16% late in the day

  • Techs are bearish; RSIs falling, daily inverted hammer formed

  • German Q1 GDP, June Gfk & US Q1 PCE, weekly claims are risks Thursday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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