Steady early, closed down 0.1% with the USD up 0.1% - likely low-key in Asia

Yield spreads a touch tighter, 10yr bund +4bp 2.460%, 10yr UST +3bp 4.492%

ECB can cut rates in June but should rethink how it sets policy - Wunsch

Current ECB models miss large economic shifts, struggle with extreme events

Charts - neutral 5, 10, and 21-day moving averages, mixed momentum studies

Horizontal 21-day Bollinger bands - bounce still stalled, no strong bias

1.0790 upper 21-day Bolli band and last week's 1.0812 high key resistance

Friday's 1.0724 base and last Thursday's 1.0675 low are initial supports

1.0750/55 1.242BLn and 1.0760 1.003BLN are the close strikes for May 9th

For more click on FXBUZ