By Christopher Romano — Sep 04 - 11:50 AM
Ether hit a 1-month low of 2316.50 but much of the fall was erased
Better risk sentiment after downbeat US July JOLTS helped the lift
Yield US2YT=RR drop on possible big Fed cut helped to rally risk assets
Stocks ESv1, gold XAU= gained after the data while US$ fell
Ether neared 2450 then pulled back as risk sentiment softened a bit
Ether traded down -1.28% heading into Europe's close
A long lower wick formed on the daily candle but other techs remain bearish
Monthly & daily RSI are falling, Ether traded below the falling 10-DMA
Fed Beige Book remained a risk for NY's afternoon
US weekly claims, Aug. ADP are risks Thurs., Aug. payroll data a risk Friday
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Source:
Refinitiv IFR Research/Market Commentary