Free Trial

EUR/USD Heads Into NY Hours at Best Levels of the Session

EUR
  • EUR/USD heads into the NY crossover at the best levels of the session, with markets shrugging off the brief spell of USD strength that followed a downtick in equities.
  • Pair is now narrowing the gap with 1.0960, the Monday high, but sizeable option expiries rolling off at today's cut could act as an anchor ahead: over $2.2bln notional is set to roll off between 1.0925-41 at today's NY cut.
  • GBP/USD also moving similarly, receiving the extra tailwind from the solid jobs report ahead of the open today. Next GBP/USD resistance crosses at 1.2739 ahead of the 50-dma of 1.2775.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.