By Andrew M Spencer — Aug 08 - 08:20 PM
+0.05% after closing -0.45% - safe-haven U.S. dollar +0.45% as risk soured
Yield spreads weighed, 10yr bund -12bp to 2.442%, 10yr UST -5bp 4.024%
EZ consumers are optimistic on lower inflation, but pessimistic about wages
Techs; 21-day Bollinger bands slide, daily momentum studies edge lower
Net negative 5, 10 & 21-day moving averages - neutral setup turned bearish
Signals initially target a test of 1.0879 61.8% of the May/July rise
1.1011 early European high is the initial resistance
1.0980 682 mln are the only close Aug 9th strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary