{"id":167289,"date":"2023-10-03T14:32:19","date_gmt":"2023-10-03T09:02:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=167289"},"modified":"2023-10-03T14:32:19","modified_gmt":"2023-10-03T09:02:19","slug":"1-0400-may-well-be-tested-this-week-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/1-0400-may-well-be-tested-this-week-ing-crypto-news\/","title":{"rendered":"1.0400 may well be tested this week \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>EUR\/USD looks on track to test the 1.0400 support level, economists at ING report.<\/p>\n<h2 class=\"fxs_headline_medium\">Back-end yield premium weighing on the Euro<\/h2>\n<blockquote>\n<p>The 10 bps tightening in the EUR\/USD 2-year swap rate differential on Friday was completely erased on Monday, with the spread once again at a -120 bps level. Such a wide gap was observed in two other periods in 2023 \u2013 at the very beginning of January and throughout February and March. Interestingly, EUR\/USD never traded below 1.0500 in those periods, a testament to the back-end US-yields premium currently adding pressure on the pair.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Latest CFTC figures on speculative positioning suggest EUR\/USD still had some residual net-longs (+14% of open interest) to be unwound, and the ever-deteriorating rate gap with the Dollar means that 1.0400 may well be tested this week. Swings in the volatile bond market will likely determine when that can happen.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD looks on track to test the 1.0400 support level, economists at ING report. Back-end yield premium weighing on the Euro The 10 bps tightening in the EUR\/USD 2-year swap rate differential on Friday was completely erased on Monday, with the spread once again at a -120 bps level. Such a wide gap was [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,379,248,251,246,257,433,255,250,252,247,9464,253,249,256,254],"class_list":["post-167289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bonds","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-positioning","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=167289"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167289\/revisions"}],"predecessor-version":[{"id":167290,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167289\/revisions\/167290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6890"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=167289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=167289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=167289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}