Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 16 - 08:36 AM
EUR/USD - Sags As U.S. Yields Rise And Italy Risks Build
First appeared on eFXplus on May 16 - 06:20 AM
  • EUR/USD eases below 1.1800 option barriers to reach 1.1795
  • Higher U.S. yields (10-yr 3.06%) put EUR/USD longs under pressure IMM/FX
  • 10-yr spread between U.S./Germany is 5 bp wider from yesterday
  • Italy political uncertainty also weighs EUR. 10-yr Italy +12bp
  • 76.4% retrace 1.1553-1.2556 rise is 1.1790, often viewed point of no return
  • 38.2% EUR/USD entire 1.0340-1.2566 rise is 1.1710

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!