BONDS: EGBs-GILTS CASH CLOSE: German Curve Twist Flattens Pre-ECB
Jun-04 17:36
European curves flattened Wednesday, with Gilts outperforming Bunds. * Bunds softened early, with E...
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GBPUSD TECHS: Retracement Mode
May-05 17:30
- RES 4: 1.3605 1.236 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 3: 1.3550 High Feb 24 ‘22
- RES 2: 1.3510 1.236 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 1: 1.3444 High Apr 28 / 29
- PRICE: 1.3307 @ 15:01 BST May 5
- SUP 1: 1.3257 Intraday low
- SUP 2: 1.3225 20-day EMA
- SUP 3: 1.3041/3035 Low Apr 14 / 50-day EMA
- SUP 4: 1.2968 Low Apr 11
The latest pullback in GBPUSD is considered corrective. A bearish tweezer top formation on the daily candle chart last Monday/Tuesday, highlights a short-term top. Support to watch lies at 1.3225, the 20-day EMA. A break of this level would signal scope for a deeper retracement. Note that moving average studies remain in a bull-mode position, signalling a dominant underlying uptrend. Sights are on 1.3510, a Fibonacci projection.
MNI EXCLUSIVE: MNI Interviews Former Dallas Fed Adviser on Monetary Policy
May-05 17:19
- MNI interviews former Dallas Fed adviser on monetary policy -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
LOOK AHEAD: Tuesday Data Calendar: March Trade Balance, Tsy 10Y Auction
May-05 17:15
- US Data/Speaker Calendar (prior, estimate)
- 6-May 0830 Trade Balance (-$122.7B, -$137.2B)
- 6-May 1130 US Tsy $70B 6W bill auction
- 6-May 1300 US Tsy $42B 10Y Note auction (91282CNC1)
