By Andrew M Spencer — Sep 29 - 11:45 PM
Trades -0.05% in a 1.1156-1.1173 range, side lined by Asian stock volatility
Nikkei trades down 4.65% as JGB yields jumped, JP10YT=RR +6bp to 0.86%
SSEC is up +5.5%, led by the property sector as Politburo pledged support
The far right won the Austrian election, but not certain to lead a coalition
Speeches from ECB President Lagarde and Fed Chair Powell are key offshore
Charts - daily momentum studies flat-line, 21-day Bollinger bands rise
5, 10 & 21-day moving averages edge higher - overall a modest topside bias
Wednesday's 1.1214 high and 1.1271, 0.618% 2021/22 fall are first resistance
Last week's 1.1084 low, then the 1.1068 Sep 19th base are initial supports
1.1120/25 1.128BLN and 1.1200 1.124BLN close Sep 30 strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary