By Andrew M Spencer — Apr 27 - 08:40 PM
+0.05% after closing 0.1% lower ahead of a slew of month-end European data
Yields climbed, spreads wider - 10yr bund +7bp 2.454%, 10yr UST +9bp 3.528%
U.S. debt default chances are increasing - a potential nightmare for markets
Charts; 21-day Bollinger bands head north, momentum studies conflict
5, 10 & 21-day moving averages edge higher - a positive trending setup
Targets a test of 1.1185 April 2022 top, then 1.1271, 61.8% 2021-2022 fall
Close below the 1.0960 rising 21-day moving average would end topside bias
1.1000 3.177 BLN and 1.1040/50 1.3 BLN strikes likely to contain in Asia
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Source:
Refinitiv IFR Research/Market Commentary