By Christopher Romano — Oct 15 - 01:35 PM
NY opened near 1.0900 after 1.0885 traded in Europe's morning
Rally extended in early NY as US yields US2YT=RR, US$ were soft
EUR/USD turned positive, 1.09168 hit on EBS, sellers then emerged
US yields lifted again & US$ firmed up; USD/CNH rallied to 7.1430
Stocks ESv1 sank & gold dipped from its high to help buoy US$
EUR/USD turned negative again, hit 1.0884, was down -0.22% late
Techs are bearish; 5-DMA helps to cap rallied, RSIs are falling
Daily inverted hammer candle formed, reinforced bearish signals
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Source:
Refinitiv IFR Research/Market Commentary