EUR/USD tested the DMA 100 at 1.1230 level on a US Dollar weakness rally that continued from last week, before it fell on Wednesday. A strong US Employment data saw the pair moved lower to DMA200 level.
Looking at the sentiment:
EURO is expected to print lower reading as the market is waiting for a reaction from ECB after the pre-emptive BOE actions. Bund yield now lower than JGB yield indicating a further negative move in the German fixed income asset.
Looking at the sentiment:
EURO is expected to print lower reading as the market is waiting for a reaction from ECB after the pre-emptive BOE actions. Bund yield now lower than JGB yield indicating a further negative move in the German fixed income asset.