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