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Forex Flash: 10-year US treasuries hold bias for breakout – RBS

According to Technical Markets Strategist Dmytro Bondar at RBS, “The 10-year Treasury market remained in a range between the 250-day MA support and 132-00 resistance, as the 10/3/3/3 slow stochastic formed a positive crossover in the oversold region. The 250-day MA has proved to be a good support, as the price started the make higher highs over the last few sessions.”

“Overall, it suggests the market will likely see a gradual recovery. There is however, a chance of dipping towards the 131-11/15 before going higher towards the 132-1/16 – these levels include the Fibonacci projections from the December 2012 impulse wave.” Bondar adds.

Forex Flash: Energy dependence a reason to be a long term GBP/USD bear – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale feels that the UK´s energy dependence situation is a good reason for being a long term bear on GBP/USD.
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Forex: EUR/USD eyes 1.3430 on Weidmann comments

It was about time. BUBA’s J.Weidmann has taken M.Draghi’s relay and is ‘verbally’ pushing the cross to the proximities of 1.3430 in the European evening. J.Weidmann commented that the euro would not be...
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