Watch for general market tone….These are Risk Indicators
From a technical perspective the Italian Bonds have completed this swing down. This can be a good indicator for Euro bias….”Risk On” A bounce in the Bonds can have a positive effect on the Euro The rest of the day … Continue reading
The Italian 10 yr bonds are trading at resistance. Price action above this level will give way to 103.30 on the weekly charts. We’re mentioning this because it’s telegraphed Euro Currency Movement (EUR).
9977 is the 200 day in the Italian 10 Yr. 9886 is the 50% retrace from the Oct. low. This is the same swing as the Oil and Copper.
Last night saw some corrections in the Yen crosses, with EUR/JPY retesting the 200 day @ 105.93 and rallying. AUD/JPY…had the better bounce, however both have come up app 20-30 ticks short of anywhere is particular. The feature has been … Continue reading
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading
Italian Bond…96.86 is a key level. It’s attempting an outside reversal day to the downside, which would put this instrument into serious re-trace mode. This has big ramifications for Long the Italian/ Short Bunds.. The spread is flipping. Intervention has … Continue reading
This instrument has been moving 200 points a day. 9188-9200 is a big time level. A “close” today over this area, during the European session, would be an indication things are calming down in Europe.