Free Trial

Euro-yen demand has largely been........>

EURO-DOLLAR
EURO-DOLLAR: Euro-yen demand has largely been responsible for the rise from
$1.1768 to $1.1793. Interestingly, support at $1.1768 (50% fib $1.1689-$1.1847)
was met head on and has held the downside in check, while hourly resistance is
close-by at $1.1796. Traders have also made mention of a couple of large option
expiries at $1.1780-85(E1.36bn) and $1.1800(E930mn) that may act to contain the
near term range. Further consolidation would seem likely heading towards the
European open and the release of German Q2 GDP. Euro-dollar was last at $1.1785.

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.