By Andrew M Spencer — Apr 25 - 07:40 PM
Steady after closing +0.3% with the USD off 0.25% after soft US growth data
ECB policymaker Fabio Panetta called for timely small interest rate cuts
Yield differentials widened, 10yr bund +4bp 2.624%, 10yr UST +5bp 4.706%
Charts - 5, 10, and 21-day moving averages coil, 21-day Bollinger bands slip
Daily momentum studies rise - the downtrend has stalled - signals have based
1.0745 Fibo resistance, 0.382% of the March/April fall is under pressure
Close above would target a test of the 1.0790 0.5% retracement
1.413 BLN 1.0723/30 April 26th strikes may act as a magnet today in Asia
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Source:
Refinitiv IFR Research/Market Commentary