By Christopher Romano — Oct 25 - 01:40 PM
NY opened near 1.0575 after 1.06065 traded on EBS, EUR/USD lifted early
Pair rallied above 1.0595 but could not sustain upward momentum
US yield US2YT=RR gains rallied US$ & drove risk-off sentiment
Stocks ESv1, copper Hgv1 fell and USD/CNH rallied to 7.3308 on D3
EUR/USD slid below the 10-DMA, traded near 1.0565 in NY's afternoon
Techs lean bearish; RSIs are falling & the 55-DMA capped the rally
ECB risk looms Thursday, market widely expects rates to remain on hold
US Q3 GDP, weekly claims & Sept durable goods orders are data risks in NY
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Source:
Refinitiv IFR Research/Market Commentary