The Euro has benefited to an extent from an upbeat...
The Euro has benefited to an extent from an upbeat German Ifo survey as all key metrics beat expectations and the institute noted that travel companies have turned a tad more optimistic for the first time in more than 12 months. We arte now looking at the 1.2180 D extension level as a point of impact for this pair to rebound from shorterm.
Although US Treasury yields have slipped from overnight highs near 1.40% in 10 year notes and 2.20% for the long bond, the Dollar has started the new (EU) week in better shape than it ended last Friday, and it appears to be regaining safe-haven appeal as stock markets get more anxious about the sharp/ongoing rise in long term rates. Indeed, the index rebounded firmly from worst levels between 90.211-578 parameters having held just above prior session and week lows (90.172 and 90.117 respectively), and could garner more momentum from a technical perspective if it can breach the pre-weekend high and/or 21 DMA that are in close proximity (at 90.655 and 90.662).
Although US Treasury yields have slipped from overnight highs near 1.40% in 10 year notes and 2.20% for the long bond, the Dollar has started the new (EU) week in better shape than it ended last Friday, and it appears to be regaining safe-haven appeal as stock markets get more anxious about the sharp/ongoing rise in long term rates. Indeed, the index rebounded firmly from worst levels between 90.211-578 parameters having held just above prior session and week lows (90.172 and 90.117 respectively), and could garner more momentum from a technical perspective if it can breach the pre-weekend high and/or 21 DMA that are in close proximity (at 90.655 and 90.662).
Comentarios:
