eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
(Corrects typo in line 2)
• NY opened near 1.1235, pair rallied after the September jobs report
• The softer data sent the USD, US yields , USD/CNH down
• Riskier assets like gold, silver, equities rallied to reinforce the USD selling
• EUR/USD hit 1.1285 but then a good portion of the data-induced gains faded
• USD, yields turned up, gold & silver turned down & oil moved upward
• EUR/USD sat near 1.1250 late, it traded up only +0.10% in NY's afternoon
• Daily RSI turned up but monthly RSI indicates longer-term downward momentum
• Widening Bolli bands, pair's hold below 10- & 21-DMAs are
bearish signals
eurusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)