By Andrew M Spencer — Jul 15 - 07:50 PM
Steady after closing off 0.15% with the U.S. dollar up 0.2% with UST yields
Yield spreads widened, 10yr bund -2bp 2.470%, 10yr UST +4bp 4.229%
ECB to leave rates unchanged on Thursday - data dependant on next cut
Charts; net positive daily momentum studies, 21-day Bollinger bands expand
5, 10 & 21-day moving averages climb - the daily signals remain supportive
Monday's 1.0881 low and then Friday's 1.0862 base are initial supports
Yesterday's 1.0922 trend high then the 1.0980 March top initial resistance
1.0900 2.578BLN and 1.0925 1.332BLN July 16th strikes likely cap in Asia
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Source:
Refinitiv IFR Research/Market Commentary