By Christopher Romano — Sep 04 - 01:45 PM
NY opened near 1.1055, pair slid early, 1.1040 traded on EBS
Buyers emerged however, rally ensued & accelerated after July JOLTS
US yields US2YT=RR, US$ sank while DE-US spreads US2DE2=RR tightened
EUR/USD hit a 4-session high, traded 1.10953 on EBS, sellers then emerged
EUR/JPY neared 159.45 while stocks ESv1 fell & gold XAU= neared flat
EUR/USD slid below 1.1075, traded up only +0.26% late in the session
Techs are mixed; RSIs rising but pair consolidating drop from Aug 26 high
EUR/USD move above 10- & 21-DMAs give longs some comfort though
German July industrial orders, consumer goods, mfg o/p are risks in Europe
US Aug. ADP, weekly claims, Aug. ISM non-mfg are risks in NY's morning
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary