Markets The recent breathtaking rally in yields took a breather today. Investors adapting to central bankers’ ‘higher for (much) longer’ guidance via higher real yields hammered core bonds especially at longer tenors. Yields reached levels not seen since 2011 (Germany) or even 2007 (US 5 & 10-y). The US 10-y real yield settling well north […]
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Daily Pivots: (S1) 1.4325; (P) 1.4367; (R1) 1.4392; More… Intraday bias in USD/CAD stays neutral as range trading continues. Break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D Read more…
Daily Pivots: (S1) 0.6171; (P) 0.6189; (R1) 0.6213; More… Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6130. Further decline is expected as long as 0.6310 resistance holds. Break of 0.6130 will resume Read more…
Daily Pivots: (S1) 1.0261; (P) 1.0286; (R1) 1.0333; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.0176. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0435 Read more…