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Jan 05 - 03:55 PM

EUR/USD - Fed Minutes Help Erase Early NY Gains

By Christopher Romano  —  Jan 05 - 02:17 PM
  • US$ sales lift EUR/USD overnight, NY opens near 1.1320, rally extends

  • An early dip to 1.1304 on EBS after ADP surprise nL1N2TL0YC is bought

  • US$ selling persists despite rise in US rates EDM2US2YT=RRUS10YT=RR

  • Yen selling adds to EUR/USD buoyancy as EUR/JPY lifts to 131.60 on EBS

  • EUR/USD clears the 10-DMA, hits 1.13465 on EBS ahead of the Fed minutes

  • US rates, U$ rally as Fed minutes note discussion on balance sheet reduction

  • Fed minutes also state rates could be hiked at faster pace than anticipated

  • EUR/USD dips below 1.1310 after Fed minutes lean a bit hawkish nS0N2TJ02V

  • Techs lean bearish; bear pennant on daily char, monthly RSI is falling

  • More EUR/USD losses in store if payrolls echo strong ADP nL1N2TL15B

  • For more click on FXBUZ

eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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