Archived IMT (2009.07.07)
Bond yields and oil prices are both tumbling, in line with our latest article of the week as economic concerns further reduce the appetite for risk. 10-year yields test the 3.45% support, while oil struggle to hold above $63. We still expect 3.20% to be the yield low in the current cycle. The 3-year US auction garnered sufficient interest from indirect dealers (proxy for foreign investors). USDCAD hit a session high of 1.1660, looking to regain yesterdays 6-week high of 1.1680. Aussie topped out at 0.8037 vs USD and 76.60 yen, eyeing 75 support. Cable remains vulnerable to a break towards $1.6070, with upside capped at 1.6330.
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51
Tories in Command, Turn to China
by Adam Button | Nov 28, 2019 12:51