By Christopher Romano — Apr 23 - 01:40 PM
NY opened near 1.0655 after 1.06385 traded on EBS in Europe's morning
Rally extended with help from surprises to April S&P Global PMIs
Data indicating slowing business activity sank yields US2YT=RR, US$
German-US yield spreads US2DE2=RR tightened, risk assets rallied
USD/CNH slid from its high, stocks ESv1 & gold XAU= rallied
EUR/USD rallied away from the 10-DMa, hit a 7-session high of 1.0711
Rising daily RSI, daily bull hammer are concerns for EUR/USD shorts
German April Ifo, Us March durable goods are data risks Wednesday
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Source:
Refinitiv IFR Research/Market Commentary