By Christopher Romano — Aug 02 - 01:00 PM
NY opened near 1.0820 after 1.0783 traded in Asia, rally extended
Pair rallied above the 5-, 200- & 21-DMAs, hit an 11-session high
1.09268 traded on EBS after US July payroll data came in below estimates
Yields US2YT=RR fell sharply, DE-US spreads US2DE2=RR tightened sharply
JP Morgan, Goldman Sachs change to Fed rate cut estimates helped sink US$
EUR/USD maintained most gains despite equity ESv1, gold XAU= drops
EUR/USD traded up +1.13% late in the day and techs leaned bullish
Rising RSIs. Break of t-l off July's high, hold above 200-DMA are bullish
July global PMIs, US weekly claims, US July ISM services are risks next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary