Free Trial

10-Yr UST yield above 3.0% into.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: 10-Yr UST yield above 3.0% into Europe saw EUR/USD extend its
corrective pullback away from Monday's high of $1.1996 to $1.1913 ($1.1924 at
the NY close). Rate has managed to recover, currently around $1.1920. Asian
traders made mention to watch the 100-hma, currently coming through at $1.1915.
A move below $1.1900 to expose next support area between $1.1891-89(May11
low/61.8% $1.1823-1.1996). Germany flash Q1 GDP due at 0600GMT, EZ GDP 0900GMT.
Germany ZEW also set for release at 0900GMT. However, with attention set on UST
yields, this afternoon's US Retail Sales data at 1230GMT provides the main focal
event.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.