Intraday Market Thoughts

Archived IMT (2010.07.26)

by Ashraf Laidi
Jul 26, 2010 16:39

German 10-YEAR YIELDS now surging to 2.77%, 1-bp away from breaking above the June high, which would be the highest since May. With US 10- yr yields standing at 3.02%, the yield advantage of the US has shrank to 25-bps. EURUSD nears 1.3030 target, followed by 1.3130. EURGBP faces ceiling at 7-day trendline of 0.84. USDCAD eyes 1.0270, 61.8% retracement and 3-month Trendline support.


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