USD moves higher after better data. Powell: Fed on hold. Monitoring data ...Middle East

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USD moves higher after better data. Powell: Fed on hold. Monitoring data
source : forex live ( Middle East ) () 10

US yields have moved up after the better ISM PMI manufacturing data, the JOLTs data. The US 10 year yield is now up to 2 bpss at 4.248%.

The USD has also moved higher.

    The GBPUSD is now testing the 100-hour MA and lower on the day.The EURUSD is also moving back toward unchanged on the day after the data. There is close support between 1.1753 to 1.1769 (see chart below). Getting below that level is needed to give the sellers some added confidence at least in the short term..A more important target would be the rising 100 hour moving average at 1.1720. This article was written by Greg Michalowski at www.forexlive.com.

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