• Off 0.1% after closing up 0.9% - risk sentiment slumps further in early Asia
• E-mini S&P -3.9%, Nasdaq e-mini -4.9%, Nikkei -8%, WTI -3.5% US copper -5.8%
• Safe-haven Treasury yields slumped 2yr -18bp 3.489%, 10yr -8bp 3.910%
• Trump, asked about markets, says sometimes you have to 'take medicine'
• Friday Fed's Powell - larger tariffs likely to boost inflation, slow growth
• Charts - 5, 10, & 21-day moving averages fall with momentum studies
• 21-day Bollinger bands expand - the daily signals retain a bearish setup
• Last week's 101.26 low, then the 100.15 September low are first supports
• Thursday's 103.38 top then the 104.71 late March high are initial
resistance
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)