EUR may be setting up for an eventual breakout of its narrow ran

At least, most of the measurements monitored to assess its strength seem to suggest that the upward pressure may continue based on the short-term yield differentials. Should a breakout eventuate, a notable directional movement may be in store as periods of compression tend to lead to brief spells of expansion in price discovery.

In terms of the Sterling, other than random negative Brexit headlines, it looks like the latest episode of buy-side action has exerted enough momentum to enhance the prospects that bulls will continue in control of this market for the next 24h of price action. It’s not often that we see across the board green arrows, with the conviction enhanced by the nearly 1:1 ratio in correlation measures vs the DXY and bond yields.

Заявка отменена