I have mentioned last night 1.04450 as an important level that separates EUR from surging higher ( always take few pips up or down in consideration as I am trying to give you an insight way earlier , so levels are moving slightly with every passed hour )
We have now following supports:
1.03650 & 1.03400
If later one is lost, road would be open to 1.02100
Resistances are at: 1.04400 & 1.04700
The angle of this Support line below is one that usually comes during corrections and not Overall Direction – so this might be just a correction prior to continuation of the downtrend.
A look at the day ahead in U.S. and global markets from Mike Dolan
Talks to end the Ukraine war have partly cut across the hot U.S. inflation report for world markets, reining in both oil prices and capping aggravated U.S. borrowing rates – while also lifting the euro and European shares.
It is rare that we like toi give ourselves credit but I poated this article nearly 3 weeks ago and it took time for the markets to catch up to my puzzle.
Here is a question? Why has the EURUSD recovered and DAX at record levels given the risk of Trump tariffs. prospect of lower interest rates, an underperforming German economy and political uncertainty in Germany (and France)?
So much for that move off a nothing burger headline… 10-year still above 4.65%… EURUSD needs to hold 1.0350-54 or risk turns back to the low… USDJPY staying bid
Keeping an eye on bond yields as others will be doiing the same…it looks like US 10 yr 4.65% is acting as resistance… EURUSD would need to regain 1.0354 to be back in the overngiht range.
USD and USTs steady ahead of US CPI while crude slips; reports suggest optimism surrounding Middle Eastern talks
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
US President Trump responded “We’ll see” when asked if reciprocal tariffs are still coming on Wednesday.
European bourses hold an upward tilt pre-US CPI and with tariffs capping optimism; US futures are mixed.
USD steady ahead of CPI, JPY is on the backfoot given the yield environment.
USTs trade steady ahead of CPI, German yields continue their march higher.
Crude slips on inventories which saw a surprise build in headline crude stockpiles, reports suggest there is “some optimism about reaching a solution” on Middle Eastern talks