By Christopher Romano — May 01 - 01:35 PM
EUR/USD opened NY near 1.1010 then rallied to 1.4043 on EBS
Lift aided by EUR/JPY hitting 150.965 on EBS, broad based US$ sales
Equity ESv1 gains & oil LCOc1 bounce off the low helped buoy risk
US April ISM mfg PMI jobs, pricing components climbed above 50
Rates SRAU3, US$ rallied & risk soured a bit, EUR/USD slid lower
1.0965 hit on EBS, pair traded nearby late & traded down -0.42%
Falling daily, monthly RSIs, EUR/USD below 10-DMA are bearish tech signs
EZ April PMIs, HICP and US March JOLTS are data risks Tuesday
Fed risk looms for Wednesday, 25 bps hike expected, statement is key
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary