By Andrew M Spencer — Nov 09 - 06:00 PM
Steady early after closing -0.4% amid higher UST yields on the hawkish Fed
Yield spreads widened, 10yr bund +4bp 2.654% and 10yr UST +11bp 4.632%
ECB President Lagarde speaks tonight - interesting to hear her views
Charts - mixed momentum studies, 10 & 21-day moving averages rise
21-day Bollinger bands head higher - signals still show a positive setup
Initially targets a break of 1.0764 38.2% 2023 fall in July and October
Close below 1.0613 21 DMA and 1.0608 61.8% of the Nov rise would be bearish
1.0650 587 mln and 1.0680 614 mln strikes likely define the range in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary