Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
EURO-DOLLAR TECHS: Bounced Off YTD Lows But Downside Still in Focus
After hitting its lowest levels since Nov13 2018 earlier Thursday, EURUSD has
retraced around half of Wednesday's down move at the time of writing. The lows
were reached earlier in the London morning following weakness induced by a
disappointing Q4 German GDP print. In spite of the retracement, the focus
remains firmly on the Nov low at 1.1216. A break triggers a potential bear flag,
strengthening the downtrend toward 1.1187 which represents the 61.8% retracement
of 1.0341-1.2555. Bulls need to clear the 100-dma at 1.1406 to improve the
short-term outlook. A break of 1.15 would open down trendline resistance & the
Jan 31 high at 1.1501/14.