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Forex Flash: Short EUR/USD under 1.3020 – Westpac

FXstreet.com (Barcelona) - 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.

However, “Draghi struck a dovish tone this week and IP data next week more likely than not to disappoint, ultimately keeping EUR downside in focus. EUR/JPY and EUR/CHF still trading heavily, implying that recent EUR/USD stability is more a USD story.” Callow adds.

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

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.
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Forex: EUR/USD in weekly highs above 1.2900

The bloc currency is printing fresh weekly highs in the area of 1.2910/15 as risk appetite is swelling amongst investors. Curious day for the cross, as it dropped to new 2013 lows around 1.2740 on President...
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