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EUR/USD, E-mini S&P Trade in Sync, Touching Daily Highs

CROSS ASSET
  • EUR/USD continues to edge higher, showing just above the Friday high but stopping well short of the Thursday pre-data highs for the pair. This leaves resistance clustered between 1.0955-64, strength through which would target 1.0981 and mark a resumption of the upleg and positive trend condition posted off the February low.
  • Move coincides with a mild bump higher for the e-mini S&P, which creeps to new daily highs as volumes picks up into the NY crossover - but remains well short of the next upside level at Friday's 5230.75 high.
  • Equity move stands out from both Treasuries and European equity markets, with yields remaining largely rangebound ahead of CB event risk dotted throughout the week
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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