Free Trial

EUR/USD Fades as Volumes Tick Up into NY

EUR
  • Renewed dollar demand into the NY crossover resulting in fresh daily lows for EUR/USD here, as the pace picks up on the move through the Friday low at 1.0967. 1.0942 undercuts as next support ahead of the more meaningful downside level of 1.0874.
  • Modest uptick in volumes after a generally subpar session for activity: evidence of an uptick in orderflow at 1232BST as over 1,000 contracts changed hands inside 60 seconds: cash equivalent of just over $140mln.

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.