Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 02 - 04:55 PM

EUR/USD - Bulls And Bears Lack Conviction

By Christopher Romano  —  May 02 - 01:35 PM
  • NY opened near 1.0705 after 1.0728 traded on EBS in Europe's morning

  • Slide extended as yields US2YT=RR, US$ were firm in early trading

  • USD/CNH rally above 7.2350, commodity XAU= drops weighed on EUR/USD

  • 1.0675 traded but bears ran out of steam, buyers emerged

  • Equities added to gains, yields & US$ weakened, EUR/USD neared 1.0715

  • Pair traded near flat on the session, daily doji formed, implies indecision

  • US April payroll report & its impact on Fed policy is a key risk Friday

  • Data indicating softening jobs market could drive a EUR/USD rally

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


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