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They are baaaaack!
Techs for May 6-10, 2019
Focus turns to Comm Dolls
EURUSD - looking better as 10Y/DE10 spread start to shrink
Techs for May 6-10, 2019
Focus turns to Comm Dolls
EURUSD - looking better as 10Y/DE10 spread start to shrink
USDJPY - 112.00 now hard cap as we fail once more
111.00 needs to hold is upside bias to stay in place
111.00 needs to hold is upside bias to stay in place
GBPUSD - Massive break today but 1.3200-1.3300 caps and Brexit as well as weak GDP could halt the move higher
USDCAD - still 1.3500 -1.3400 trade but the longer Oil > $60/bbl the better for loonie which could now probe 1.3300
AUDUSD - RBA will make or break .7000
Will housing wealth effect decline be enough for RBA to pull the trigger on rate cuts? If yes .6800 next
Will housing wealth effect decline be enough for RBA to pull the trigger on rate cuts? If yes .6800 next
NZDUSD - RBNZ dovish tilt last time, weaker data could finally force their hand
.6600 is the line in the sand
.6600 is the line in the sand
Cross of the week
EURGBP - oversold and at key support so pop here to at least .8550 possible as we rebalance
EURGBP - oversold and at key support so pop here to at least .8550 possible as we rebalance
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