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Thomson Reuters
Apr 03 - 03:48 PM
EUR/USD - Choppy Price Action But Short Are Wary
First appeared on eFXplus on Apr 03 - 01:45 PM
  • Upbeat risk lifts global bond yields, 10-yr bund back above 0.0%
  • DE-US spreads tighten while ADP downside miss hits UST yields & US$ a bit
  • EUR/USD nears 10-DMA nL1N21L0BH but Italy news forces a dip nR1N1XV026
  • Buyers emerge near 1.1225 as US$ stays soft & EUR/JPY holds near day's high
  • Optimism on EU econ & Brexit hopes could squeeze shosrts nL1N21L0MP
  • DE industrial orders/output & US jobs are upcoming key data risks

chart: Click here

Source:
Thomson Reuters IFR Markets

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