Free Trial

EURUSD again failed to build on gains...>

EURO-DOLLAR
EURO-DOLLAR: EURUSD again failed to build on gains above $1.1600 yesterday, with
the pair driven to Asia lows of $1.1542 on the Australian political situation.
Rate improves to $1.1568 at typing as immediate focus turns to Eurozone flash
PMI data. France kicks it off at 0700GMT, followed by Germany at 0730GMT and the
Euro area at 0800GMT. Also worth noting of very large optional-expiry interest
at $1.1600(E1.1bn) and $1.1625(E2.93bn) for today's NY cut. Bulls need to
reclaim the $1.1600 handle to shift the outlook positive before challenging the
61.8% retracement level at $1.1641. 

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.