By Andrew M Spencer — Oct 15 - 08:10 PM
+0.1% after closing down 0.2% amid safe-haven U.S. dollar demand
Yield spreads tightened, 10yr bund -5bp 2.732%, 10yr UST -9bp 4.629%
Polish election may provide a new pro-EU government in a major swing
Charts - 10 & 21-day moving averages edge lower with 21-day Bollinger bands
Signals are again negative - move targets 1.0448 October and 2023 low
1.0640 October remains the key resistance - break to end the downside bias
NY 1.0496-1.0547 range is initial support and resistance
1.0500 1.125BLN and 1.0540/50 1.735BLN are the close strikes for Oct 16
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Source:
Refinitiv IFR Research/Market Commentary