Forex Morning Briefing, Major Pairs
Commentary: Keep an eye on the German-US T 10yr spread, which had indicated a rise in Euro in the last couple of sessions.PE
EUR (Euro) at 1.1873 could move to 1.1950 as long as the yield spread remains higher.
US Dollar (.DXY) Index at 92.84 is headed towards 92.50 now, and looks Bearish near term.
Note: The move South has come in faster than expected, and a clear break below 92.50 could turn .DXY Bearish towards 92 medium term.
Latest posts by Paul Ebeling (see all)
- Gold Higher, USD Higher, Stocks Mixed to Lower + Commodities - October 23, 2018
- Ferrari’s (NYSE:RACE) FUV Test ‘Mule’ Spied Out On the Road - October 22, 2018
- Fed Will Fade, Halt Interest Rate Hikes After December - October 22, 2018