OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: US 10-year treasuries overbought? – RBS

FXstreet.com (Barcelona) - The market continues to see a 1.72% to 2.15% range in 10-year US treasuries, perhaps persisting through Q2. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years while near-term support is now 1.80% - our bias remains to modestly lower yields in the medium-term because positioning is favorable and medium term charts are now bullish. Short-term momentum is getting a bit overbought but hasn't rolled yet.

Overnight the focus was on the BoJ, as their aggressive monetary actions spurred a 2.5% weakening in the yen, a 2.2% rally in the Nikkei, and Japanese 10yr yields reach an all time low of 0.446%. Total Treasury inter-dealer broker volume was up a staggering 169% of the 10-day average.

Forex: EUR/USD in session highs above 1.2880

The shared currency keeps pushing higher on Thursday, eyeing the key 200-day moving average in the area around 1.2890/95 as buying interest persists....
Read more Previous

Forex Flash: Short EUR/USD under 1.3020 – Westpac

According to Global FX Strategist Sean Callow at Westpac, “We are short the EUR/USD at 1.3020. Key longer term moving averages around 1.2900 should stymie the topside but we are nevertheless inclined to tighten stops here (to 1.2950)” – EZ markets are proving resilient to both Italy’s political deadlock and the precedent set in Cyprus for higher levels of private sector risk ownership in the region’s banking system.
Read more Next
Start livechat