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Aug 12 - 03:55 PM

EUR/USD - Data, Geopolitical Risks Help Keep Investors Side Lined

By Christopher Romano  —  Aug 12 - 01:35 PM
  • NY opened near 1.0925, limited action seen, pair stuck between 1.0915-1.0940

  • Dip near 1.0915 driven by US yields US10YT=RR, US$ trading firm early

  • Stock ESv1 gains, tighter DE-US spreads US2DE2=RR helped lift the pair

  • EUR/USD neared 1.0925 again on worries geopolitical tensions may escalate

  • US yields & EUR/JPY traded heavy on the worries about the mid-east

  • EUR/USD traded up +0.10% late in the session which had techs lean bullish

  • Rising RSIs, hold above daily MAs, consolidation phase are bullish signals

  • German August ZEW econ sentiment, current conditions risks in Europe's a.m.

  • US July PPI is a data risk inNY for Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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