By Andrew M Spencer — May 03 - 07:55 PM
-0.1% after closing down 1.3% as UST yields and the U.S. dollar fell
Risk off after the close as U.S. regional banking fears resurfaced
E-mini S&P -0.4%, WTI oil -1.8% and gold +0.65%, but the USD is steady
Japan holiday, so the yen is likely driven by the USD and risk appetite
Charts, daily momentum studies crest, as 21-day Bollinger bands contract
Horizontal Tenkan and Kijun lines - 10 & 21-day moving averages climb
Topside bias continues until a close below well-tested 134.17 21-DMA
134.17 21-day moving average and Asia's 134.73 high are support, resistance
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Source:
Refinitiv IFR Research/Market Commentary