By Andrew M Spencer — May 08 - 08:05 PM
-0.1% after closing down 0.15% amid soft EZ data and the firmer USD
German industrial output slumped, and euro zone investor morale dipped
Resilient inflation undermines hopes of a European spring economic boost
Yield spreads widened with 10yr bund +2bp to 2.318%, 10yr UST +7bp 3.512%
Charts; 21-day Bollinger bands contract, momentum studies edge lower
5, 10 & 21-day moving averages rise - positive setup needs progress soon
Close below well-tested 1.0997 rising 21-DMA would end topside bias
1.0975 561mln and 1.1025 678mln are significant-close strikes for May 9
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary