By Andrew M Spencer — Aug 02 - 08:45 PM
-0.15%, closed -0.9%, as USD, UST yields jumped on hawkish Fed nL1N2ZE1P1
Fed's Bullard: 'Relatively soft landing' feasible for Fed, ECB nL1N2ZE2XV
UST yields open a touch softer in Asia, 10yr -1bp 2.730%, 30yr -1bp 2.997%
Bearish outside day leaves 5, 10 & 21 day moving averages edging lower
Momentum studies conflict, 21 day Bollinger bands contract - neutral setup
1.0294/96, Aug high and upper 21 day Bollinger band are initial resistance
1.0082 61.8% July-August rise is first significant support
1.0100 695 mln, 1.0150 687 mln, 1.0190/00 1.861 BLN today's close strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary