By Andrew M Spencer — May 14 - 07:40 PM
-0.05% after closing off 0.6% amid broad safe-haven USD strength, +USD +0.6%
Yields spreads widened, 10yr bund +5bp to 2.266% and 10yr UST +7bp to 3.463%
Turkey faces runoff election for president as Erdogan survives first test
Charts; 21-day Bollinger bands expand and momentum studies edge lower
5, 10 & 21-DMAs fall, Last week's fall leaves a negative setup
Early 1.0844 low then 1.0806, 50% 2023 rise are initial supports
1.0897 NY high then early Europe 1.0935 top are first resistance
There are no significant close strikes for May 15
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary