By Christopher Romano — Oct 18 - 01:40 PM
EUR/USD hit 1.0594 on EBS overnight then fell, NY opened near 1.0555
Mid-east tensions rallied oil LCOc1 & soured risk; US$ was underpinned
US yield US2YT=RR rally on housing data gave an added boost to US$
USD/CNH rallied to 7.3300 on D3 & stock ESv1 slide added to risk-off
EUR/USD 1.05225; late day US yield, US$ weakness lifted EUR/USD near 1.0550
Pair remained down -0.26% late in the session & techs leaned bearish
Daily RSI and move below the 10-& 21-DMAs give shorts some confidence
Fed's Powell & US weekly claims report a key risks in NY Thursday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary