By Andrew M Spencer — Apr 17 - 07:40 PM
Steady after closing up 0.5% as yield spreads tightened, USD slipped
Yield spreads tightened, 10yr bund off 1bp, 10yr UST -7bp 4.585%
June ECB cut likely, but there are divergent views on what will follow
ECB's Vasle sees rates 'much closer' to 3% at year-end from the current 4%
Charts - mixed daily momentum studies, 21-day Bollinger bands head lower
5, 10, and 21-day moving averages fall - the daily charts remain bearish
Close above the prior Feb 1.0695 base would suggest a base is in place
0.786 of the October-December rise proved resilient support this week
1.0650 909mln and 1.0700 910mln are the close strikes for April 18th
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Source:
Refinitiv IFR Research/Market Commentary