By Andrew M Spencer — Apr 16 - 07:55 PM
Steady after closing -0.05%, with the USD +0.1%, as UST yields climbed
Fed's Powell rates higher for longer - ECBs Lagarde remains dovish
Markets not so sure, 10yr bund up 5bp to 2.486%, 10yr UST +3bp to 4.657%
ECB Chair Lagarde speaks tonight as do the Fed's Mester and Bowman
Charts - daily momentum studies fall, 21-day Bollinger bands expand
5, 10, and 21-day moving averages fall - the daily charts remain bearish
1.0647 5-day moving average then 1.0653 European high are first resistance
1.0601 New York and 2024 low then 1.0594, .786 of the Oct-Dec rise support
1.0605/10 895mln and 1.0630/35 1.765BLN close strikes for April 17th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary