Trial now
GBP

Sterling Reversing Late Thursday Strength

US 10YR FUTURE TECHS

(Z1)‌‌ Remains Vulnerable

US EURODLR FUTURES

Post LIBOR Settle Update

MEXICO

July Retail Sales Rise 9.9% y/y, Fall 0.4% m/m

Back Under 1.1700 EURUSD failed...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Back Under 1.1700
EURUSD failed to consolidate European morning gains with the reversal extending
back under 1.1700. Bulls need a weekly close above the 100-dma at 1.1678 to keep
the recent uptrend intact, bringing down trendline resistance from the July high
into view. A move above the Aug 28 high and 1.1750 level would provide fresh
bullish impetus and trigger a large inverse head-and-shoulders formation. Bears
need a clean break of 1.1600 to resume the downtrend and return focus back to
the ytd low at 1.1301.