Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 30 - 07:55 PM

EUR/USD - Eases With Risk, Despite Tighter Yield Spreads

By Andrew M Spencer  —  Jan 30 - 06:15 PM

  • Steady after closing -0.15% with the broad safe haven U.S. dollar strength

  • Risk off caution led, into a slew of event risk - Fed, BoE and ECB decisions

  • Yield spreads tightened, after much stronger than expected Spanish CPI

  • 10yr bund +6bp 2.308%, 10yr UST +3bp 3.542%- risk off overcame yield spreads

  • Charts; neutral momentum studies, 21 day Bollinger bands edge higher

  • 5, 10 & 21 day moving averages show mixed signals - modest topside bias

  • Major resistance at 1.0938 50% of the 2021-2022 fall remains resilient

  • Close below 1.0783 rising 21 day moving average would end topside bias

    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
© 2023 eFXdata · All Rights Reserved
!