By Andrew M Spencer — May 30 - 08:45 PM
-0.25%, as the USD firms with UST yields - 10yr jumped 10bp to 2.840%
EU banned most Russian oil, as Ukraine conflict intensifies nL4N2XM0OC
Economic fallout for the EU on the Russia oil ban likely significant
Month end rebalancing flows often cause unexpected volatile euro moves
Charts; mixed momentum studies, 5, 10 and 21 day moving averages head higher
21 day Bollinger bands expand - net positive setup below pivotal resistance
1.0786, 38.2% 2022 fall capped on Monday - close above would be bullish
1.0760 854 MLN strikes a potential magnet in Asia - 1.0800 1.118 BLN cap
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eur May 31 Click here
Source:
Refinitiv IFR Research/Market Commentary