{"id":918,"date":"2021-04-09T12:32:35","date_gmt":"2021-04-09T15:32:35","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=918"},"modified":"2021-04-09T12:32:37","modified_gmt":"2021-04-09T15:32:37","slug":"eur-usd-comment-yields-hold-key-to-eur-usd-run-toward","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/04\/09\/eur-usd-comment-yields-hold-key-to-eur-usd-run-toward\/","title":{"rendered":"EUR \/ USD &#8211; COMMENT-Yields Hold Key To EUR \/ USD Run Toward"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><br>EUR \/ USD slipped below the 200-DMA on Friday due to broad based dollar buying driven by a sharp bounce in US Treasury ylelds and a fall in eurodollar prices but bulls might still achieve their goal of testing the 1.2000 \/ 50 area.<\/p>\n\n\n\n<p><br>Above-estimate jumps in March U.S. PPI data buoyed the U.S. interest rate complex, leaving investors to wonder about the Fed tightening sooner than previously thought.<\/p>\n\n\n\n<p><br>Price action in yields and EUR \/ USD suggest investors are discounting the PPI data a bit.<br>The 10-year yield has given back most of it&#8217;s post-PPI lift while.<\/p>\n\n\n\n<p><br>EUR \/ USD&#8217;s post-data drop stalled short of key support near 1.1860. EUR \/ USD&#8217;s hold above that support suggests it will continue to consolidate gains from the March 31 low, which is a bullish technical signal.<br><\/p>\n\n\n\n<p>The consolidation should resolve with EUR \/ USD making new highs.<\/p>\n\n\n\n<p><br>Should investors look past the PPI, the 10-year yield&#8217;s fall from the March 30 peak might resume.<\/p>\n\n\n\n<p><br>A test of key support in the 1.5850% \/ 1.590% zone is then likely.<\/p>\n\n\n\n<p><br>Should yields sink toward that support the dollar selling is likely and EUR \/ USD should rally to 1.2000 \/ 50.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/plus.efxdata.com\/news\/cb33bb5f93fa0e2445e0002a46cfa272\/EURUSD4-9-2021_209-40-12_20AM.jpg_0.jpeg?v60706296\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/plus.efxdata.com\/news\/cb33bb5f93fa0e2445e0002a46cfa272\/UST10YR4-9-2021_209-44-55_20AM.jpg_1.jpeg?v60706296\" alt=\"\"\/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR \/ USD slipped below the 200-DMA on Friday due to broad based dollar buying driven by a sharp bounce in US Treasury ylelds and a fall in eurodollar prices but bulls might still achieve their goal of testing the 1.2000 \/ 50 area. Above-estimate jumps in March U.S. PPI data buoyed the U.S. interest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":897,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=918"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/918\/revisions"}],"predecessor-version":[{"id":919,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/918\/revisions\/919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/897"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}