EUR/USD Chops on ECB Confusion, Oil Prices Jump on OPEC Sources - US Market Open 2021-03-03 14:59:00 Justin McQueen, Analyst OPEC Sources Prompt Oil Lift QUICK TAKE: EUR/USD Chops on ECB Confusion, Oil Jumps on OPEC Sources Equities: Heading into the Wall Street open equity markets have begun to drift lower with US 10yr yields hitting session highs of 1.48%. The overall direction remains relatively mixed with Monday’s gain slowly being chipped away. Soft ADP employment data (117k vs 177k exp.) hasn’t helped proceedings, however, it is important to note that the ADP is not exactly the best indicator for NFP, having overstated jobs gains by 125k last month.