• NY opened near 1.1795 after 1.1772 traded overnight, pair rallied in early trading

• Riskier assets rallied sharply on comments from President Trump and Iran

• Oil, USD, US yields & USD/CNH all traded lower as risk-on sentiment took hold

• Gold, silver, and stocks rallied to add to the bid for riskier assets

• EUR/USD hit a 2-monht high of 1.1849, selling then took hold as risk softened

• Comments from an Iranian source drove buying of oil, USD & firmed up yields

• Stocks, gold, silver gave back some gains as investors play it safe into the weekend

• EUR/USD erased early NY gains, sat near 1.1790, traded up only +0.07% late in the day

• Daily inverted hammer formed, daily RSI didn't confirm the high, are concerns for bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)