By Andrew M Spencer — Jan 30 - 06:15 PM
Steady after closing -0.15% with the broad safe haven U.S. dollar strength
Risk off caution led, into a slew of event risk - Fed, BoE and ECB decisions
Yield spreads tightened, after much stronger than expected Spanish CPI
10yr bund +6bp 2.308%, 10yr UST +3bp 3.542%- risk off overcame yield spreads
Charts; neutral momentum studies, 21 day Bollinger bands edge higher
5, 10 & 21 day moving averages show mixed signals - modest topside bias
Major resistance at 1.0938 50% of the 2021-2022 fall remains resilient
Close below 1.0783 rising 21 day moving average would end topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary