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Nov 01 - 01:55 PM

EUR/USD - US Manufacturing Report Throws Longs A Life Line

By Christopher Romano  —  Nov 01 - 10:10 AM
  • EUR/USD fell to 1.0522 on EBS after below estimate US Oct ADP report

  • Pair rallied after downbeat US October ISM mfg PMI, 1.0563 hit on EBS

  • US yields US2YT=RRUS10YT=RR dropped near session lows after ISM data

  • Above estimate September JOLTS report tempered US$ selling however

  • EUR/USD slid back below 1.0540, traded down -0.35% in Europe's afternoon

  • Techs lean bearish; RSIs are falling & pair below the 10- & 21-DMAs

  • Fed meeting in focus, rate hold expected, statement & presser are key

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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