Research Content
A summary of longer term trends and signals that flag any change of market sentiment. In this month’s edition
Fixed Income:
Bund/Gilt stuck between 55w ma and 20m ma. AUD 10y have a strong resistance to higher yields. 10y UST yield trend reversal on weekly suggests limits to higher yields. Oats at key support – if broken then further underperformance.
FX:
Developing battle lines for USDYEN. Bullish morning star for EURCHF. Otherwise, trendless for majors (neutral RSIs)
EQUITY:
Continued strong price momentum, but with two notable cracks appearing
COMMODITIES:Gold in Yen and Eur posting all time high closes. Very important wedge in oil, whilst Agriculturals post 3 year low.