Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 06 - 06:55 AM

EUR/USD - Attempting To Retrace Friday's Sell-Off

By Peter Stoneham  —  May 06 - 04:50 AM
  • EUR back at 1.0775 from 1.0750 early low and 1.0764 Friday close

  • Thin market in Europe with London out: could favour the EUR

  • Yields spreads tighten, 10yr UST -2bp 4.4975% and 10yr bund -1bp 2.4990%

  • ECB is 'most likely' to cut rates three times in 2024 - ECB's Stournaras

  • ECBWATCH agrees - it prices 71.83bp in cuts by the December 12 meeting

  • EUR/USD looks constructive: risk of a return to the 200DMA, 1.0797

  • Larger option expiries for today's cut: EUR5 bln between 1.0645-1.0750

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!