By Andrew M Spencer — Apr 23 - 07:50 PM
Flat, closed +0.45% as EU services PMI beat expectations, and the US missed
Yield spreads tightened, 10yr bund +1bp, 10yr UST -3bp 4.598%
ECB should be very cautious about post-June rate cuts - de Guindos
Expect the ECB to be data-driven after delivering the June 25pt cut
Charts - 10 and 21-day moving averages, plus 21-day Bollinger bands slide
Daily momentum studies base or rise - mixed signals - downtrend has stalled
The close above the 1.0695 prior 2024 low suggests a base may be in place
1.0700 2.260 BLN April 24th strikes may act as a magnet today in Asia
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Source:
Refinitiv IFR Research/Market Commentary