By Christopher Romano — Jan 26 – 01:40 PM
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NY opened near 1.0875, hit 1.0885 on EBS then dipped below 1.0860
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Price action relatively muted after December US PCE, consumption data
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US yield US2YT=RR, US$ lifts after data weighed down EUR/USD
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Pair fell away from the 10-DMA but remained above the 200-DMA
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Equity ESv1, gold XAU= drops & USD/CNH gains helped buoy the US$
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EUR/USD traded up -0.16% late & daily techs flashed warnings for shorts
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Daily RSI diverged on the 1-1/2-month low, daily doji candle formed
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US Dec. JOLTS, claims, Jan. ADP, Challenger layoffs, payrolls next week
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Soft data may see investors increase probability for a March Fed cut
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For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary
