View full page at forexfactory.com

 

EUR/USD Mid-Session Technical Analysis for October 8, 2019

From fxempire.com

The Euro is trading higher against the U.S. Dollar on Tuesday as concerns over U.S.-China trade relations drove investors into the safety of lower-yielding assets like Treasury Bonds, Gold, the Japanese Yen and the Euro. Yes, due to the negative interest rate in the Euro Zone the single-currency is now a safe-haven asset. At 12:49 GMT, the EUR/USD is trading 1.0989, up 0.0018 or +0.17%. The single-currency is moving higher as investor optimism around the upcoming U.S.-China trade talks dimmed, encouraging them to seek protection in safe-haven Treasury bonds. U.S. Treasury yields fell on the move, making the dollar a ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis