By Christopher Romano — Mar 08 - 07:22 AM
Overnight rally briefly climbs above the 55-DMA but reversal ensues
US 10-yr yield rallies while eurodollar EDZ2 prices fall (rates up)
Equities ESv1, copper HGv1 & EM ccys sink on sour risk sentiment
Safe-haven US$ & yen bought; AUD/JPY sinks, USD/CNH rallies near 6.5500
AUD/USD falls from 0.7723 in Asia, touches 0.7637 in Europe's am
Pair remains heavy in early NY, threatens Friday's 0.7624 daily low
Break of that low will negate the bull signal from Friday's bull hammer
Feb 5 (0.7583) & Feb 2 (0.7564) lows, daily cloud base then targeted
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Source:
Refinitiv IFR Research/Market Commentary