By Christopher Romano — Feb 03 - 01:35 PM
EUR/USD rallied to 1.0940 on EBS in early NY but then turned lower
Upbeat jobs nL1N34I2TY, ISM non-mfg PMI nN9N32B01A lifted US rates
UST 2-yr yield US2YT=TWEB gains buoyed US$; USD/CNH neared 6.8000
Stocks ESv1 and commodities XAU= fell as risk-off took control
EUR/USD fell below the 21-DMA, hit 1.0808 & sat just above late in the day
Techs warn longs; RSIs falling, monthly inverted hammer candle formed
Downside risks grow as payrolls highlight shifting Fed view nL1N34J1E6
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary