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Apr 18 - 08:55 PM

EUR/USD - Opens Lower As Yield Spreads Widen - June ECB Cut Done

By Andrew M Spencer  —  Apr 18 - 07:35 PM
  • Steady after closing -0.3%, as the USD firmed +0.2% with higher UST yields

  • Charts - mixed daily momentum studies, 21-day Bollinger bands head lower

  • Yield spreads widened, 10yr bund +2bp 2.493% and 10yr UST +6bp 4.647%

  • The ECB is 'crystal clear' on a June rate cut, de Guindos - but then?

  • Charts; 10 and 21-day moving averages fall with 21-day Bollinger bands

  • Daily momentum studies show mixed signals - daily charts remain net bearish

  • Close above the prior Feb 1.0695 low would be positive for next week

  • 0.786 of the October-December rise proved resilient support this week

  • 1.0645 905nln are the close significant strikes for April 19th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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