By Andrew M Spencer — Nov 01 - 07:45 PM
+0.1% after closing 0.05% lower, rebounding from a 1.0517 post FOMC dip
Treasury yield slump as markets price no further Fed hikes is EUR positive
Yield spreads tightened, 10yr bund -5bp 2.758% and 10yr UST -14bp 4.734%
Charts - momentum studies conflict, 5, 10 & 21-day moving averages climb
21-day Bollinger bands contract - signals show a modest positive bias
This week's 1.0517 - 1.0675 range is initial support and resistance
1.0540/45 3.083BLN and 1.0600 1.053BLN are the close strikes for Nov 2
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary