Markets Tuesday’s hotter-than-expected CPI print caused a massive bear flattening move in the US yield curve. The 2-yr tenor closed 17.6 bps higher with intraday gains having been as large as 20 bps. The 10-30yr bucket added between 7.4 and 10.8 bps. Fed Waller laid the groundwork for such an outsized move prior to the […]
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Intraday bias in USD/CAD remains on the upside for retesting 1.4298 high. Decisive break there will resume the rally from 1.3480. Next target is 100% projection of 1.3730 to 1.4298 from 1.3928 at 1.4496. On Read more…
Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Risk stays on the upside at this point. Above 213.75 will resume the rebound from 206.85, and target 217.45 resistance. However, firm break of 209.54 Read more…
Intraday bias in EUR/JPY stays neutral at this point. Risks remain mildly on the upside as long as 175.04 holds. Above 178.46 will resume the rise from 175.04 to 181.53 resistance next. However, sustained break Read more…