10 Jun 2015
EUR/USD eases to 1.1320, Bund yields still firm
FXStreet (Edinburgh) - The single currency is now fading part of the recent spike to tops near 1.1380 vs. the dollar, with EUR/USD hovering over the 1.1320/15 band.
EUR/USD boosted by German Bunds, BoJ Kuroda
Another sharp sell off in the German debt market has briefly lifted the 10-year benchmark above the critical 1.0% handle, although giving away some gains afterwards. The recurrent selling wave in Bunds has been a constant source of EUR-strength in the last weeks.
In the meantime, the greenback remains mired in the negative territory following BoJ Kuroda’s speech in early trade, sustaining the pair’s climb to test 3-week tops at the same time.
Ahead in the session, the pair’s catalysts appears quite defined at the moment, although the meeting between Chancellor A.Merkel, PM A.Tsipras and President F.Hollande will take centre stage in the European evening.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.34% at 1.1321 with the next hurdle at 1.1387 (high Jun.10) followed by 1.1400 (psychological level) and then 1.1450 (high May 18). On the flip side, a breakdown of 1.1271 (low Jun.10) would open the door to 1.1214 (low Jun.9) and finally 1.1179 (low Jun.4).
EUR/USD boosted by German Bunds, BoJ Kuroda
Another sharp sell off in the German debt market has briefly lifted the 10-year benchmark above the critical 1.0% handle, although giving away some gains afterwards. The recurrent selling wave in Bunds has been a constant source of EUR-strength in the last weeks.
In the meantime, the greenback remains mired in the negative territory following BoJ Kuroda’s speech in early trade, sustaining the pair’s climb to test 3-week tops at the same time.
Ahead in the session, the pair’s catalysts appears quite defined at the moment, although the meeting between Chancellor A.Merkel, PM A.Tsipras and President F.Hollande will take centre stage in the European evening.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.34% at 1.1321 with the next hurdle at 1.1387 (high Jun.10) followed by 1.1400 (psychological level) and then 1.1450 (high May 18). On the flip side, a breakdown of 1.1271 (low Jun.10) would open the door to 1.1214 (low Jun.9) and finally 1.1179 (low Jun.4).