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Nov 26 - 04:55 PM

EUR/USD - US Dollar, Yield Rebounds Hold Sway

By Christopher Romano  —  Nov 26 - 02:10 PM
  • NY opened near 1.0510 after 1.0425 hit on EBS overnight, rally extended

  • 1.05445 traded but rally stalled as US$ selling abated, yields firmed

  • DE-US spreads US2DE2=RR erased earlier tightening then widened

  • USD/CNH bounced back above 7.2600 & gold erased earlier gains

  • EUR/USD turned lower, neared 1.0455 despite stocks ESv1 trading higher

  • Pair lifted slightly after minutes of Fed's Nov. 6-7 meeting were released

  • EUR/USD traded down -0.25% in NY's afternoon and techs leaned bearish

  • Falling RSIs, move below 5-DMA, daily doji are concerns for EUR/USD longs

  • Slew of data risk Wed., weekly claims, Q2 GDP (2nd estimate), Oct. PCE

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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