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Apr 29 - 03:55 PM

EUR/USD - Early Slide Erased On The Back Of Buoyant Risk

By Christopher Romano  —  Apr 29 - 01:50 PM
  • NY opened near 1.0720, selling took hold as US$ was bid in early NY

  • 1.06905 traded on EBS, buyers emerged, pair neared 1.0725 late

  • Lower US yields US10YT=RR, USD/CNH drop to 7.2350 (D3) helped buoy

  • Equity ESv1 gains & gold XAU= turning positive helped weigh on US$

  • EUR/USD held below the 21-DMA, 50% Fib of 1.0885-1.0602 late in the day

  • Techs are mixed; daily RSI rising but monthly RSI is falling

  • China April NBS mfg, non-mfg & Caixin mfg PMIs are data risk in Asia

  • EZ April HICP, Q1 GDP & US Q1 employment costs a risks in Europe, NY

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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