By Christopher Romano — Apr 23 - 09:55 AM
S&P Global services, composite PMI drop from March, are below estimates
The manufacturing component of PMI fell into contraction territory
US yields US2YT=RR turned lower on the session, drove US$ lower
DE-US spreads US2DE2=RR tightened, stocks ESv1 & gold XAU= lifted
EUR/USD spiked higher, 1.07045 traded on EBS, a 7-session high
Key resistance near 1.0695 was pierced, is a bullish tech signals
Rising daily RSI, move above 10-DMA reinforce bullish signs
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary