Markets What a way to start the week. Core bonds fell off a cliff with the long end again underperforming. The move was natural, not driven by any particular event and that makes it so telling. Some technical breaks did reinforce it though. The German 10y yield surpassed the previous cycle high at 2.77% and […]
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EUR/USD edged lower to 1.0176 last week but recovered after breaching 1.0199 fibonacci level briefly. Initial bias stays neutral this week first and more consolidations could be seen. But outlook will remain bearish as long Read more…
USD/JPY’s extended fall last week confirmed short term topping at 158.86. But as a temporary low was formed at 154.97, initial bias is neutral this week first. Risk will stay on the downside as long Read more…
GBP/USD dipped to 1.2099 last week but recovered since then. Initial bias remains neutral this week for consolidations. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.2486 support turned Read more…