Tag Archives: BUND

Dollar correction. AUD heading for a downside break

EURUSD: Yesterday’s spring bottom (false downside break) certainlyargues for having entered an upside correction phase.

German bonds rallied in earnest yesterday, and the curve bull-flattened, as weak economic data and more geopolitical tensions boosted bonds.

EURUSD: Now targeting 1.3324/295. The euro is back on its losing streak as the chance of correction

German bond yields headed higher yesterday, with the 10-year yield rising by 3bp.

EURUSD: Could still recheck the high 1.34s. European (Markit) PMI and the US ISM are the main distractions for the day.

German bond yields edged marginally higher yesterday in a narrow trading range, while US yields closed the day a bit lower.

EURUSD: Could recheck the high-1.34s. Last week ended with a potentially bullish ‘Doji’ candle for the period.

Core bonds rallied on Friday, as there were no real signs of wage pressures in the US (see more below), while curves mostly bull-flattened.

U.S. Review Growth Returns to a Solid Footing • The economy expanded at a 4 percent pace in the second quarter of the year,

EURUSD: Correction higher consolidation. The 1.3375-50 target/support zone still attracts some buying.

Bond yields tried to rise yesterday on the back of a report showing wage pressures picking up in the US (see more below),

EURUSD: Small rebound likely. The 1.3375-50 target/support attracted some responsive buying yesterday,