By Andrew M Spencer — Oct 21 - 07:35 PM
Steady after closing down 0.5% with the USD up 0.5% as UST yields jumped
Yield spreads widened, 10yr bund +9bp 2.279%, 10yr UST +12bp 4.196%
ECB's Kazimir is increasingly confident that inflation will return to target
Charts - daily momentum studies ease, 21-day Bollinger bands fall
5, 10 & 21-day moving averages track lower, signals retain a bearish setup
Monday's 1.0871 high, then the 1.0897 10 DMA are initial resistance
1.0783, 78.6% of the Jun/Sep rise and 1.0777 August low are major supports
1.0800 557 mln and 1.0850 2.136 bln are the close strikes for Oct 22
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary