By Andrew M Spencer — May 09 - 07:50 PM
Steady after closing +0.3% with the USD off 0.3%, as yield spreads tightened
The 10yr bund closed up 3bp to 2.497% and 10yr UST yields fell 5bp to 4.449%
The bounce in bund yields appears to be profit-taking after the recent fall
Charts- 5, 10, and 21-day moving averages and momentum studies climb
21-day Bollinger bands expand - bullish outside data turned signals positive
1.0804 upper 21-day Bollinger band and recent 1.0812 high key resistance
Thursday's 1.0724 base and last Thursday's 1.0675 low are initial supports
1.0825 1.321 BLN are the only close major strikes for May 10th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary