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
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Source:
Refinitiv IFR Research/Market Commentary