Christin Tuxen, chief analyst at Danske Bank, explains that the EUR/USD temporarily dropped below 1.12 yesterday further triggering a small rebound in implied volatility. Key Quotes “The move was not related to any particular headline or data release and coincided with a rally in US stocks on stronger earnings. At the same time, US rates dropped as the market priced a higher probability of Fed cuts over the coming years.” “From a technical point of view, it means the market will keep an eye on whether we could see a test near-term of the 1.1177 low from 7 March. There is not much on the calendar to drive EUR/USD before next week.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Italy’s Govt approves economic growth plan after Cabinet infighting – Reuters FX Street 4 years Christin Tuxen, chief analyst at Danske Bank, explains that the EUR/USD temporarily dropped below 1.12 yesterday further triggering a small rebound in implied volatility. Key Quotes "The move was not related to any particular headline or data release and coincided with a rally in US stocks on stronger earnings. At the same time, US rates dropped as the market priced a higher probability of Fed cuts over the coming years." "From a technical point of view, it means the market will keep an eye on whether we could see a test near-term of the 1.1177 low from 7 March. There… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
