Yields bid, Stocks sink, #EUR recovers, Oil lower. Treasuries dived into close on Friday and are down again to start the week, and all other markets are taking a lead from the pronounced move. Official confirmed BOJ will maintain loose monetary policy.
Stocks were mixed on Friday, weak in Asia, UK & European FUTS down -0.2 to 0.6%.
Yields rally as curve steepens - US 10-yr now at 2.776%.
EUR picked up after French Election result. USD bid elsewhere.
#Oil down 2% after additional reserves released from EIA countries.
Today – Speeches from Fed’s Williams, Bostic and Evans.
Biggest FX Mover @ (07:30 GMT) #EURJPY (+0.99%) Recovering EUR and weaker JPY combine to push pair from 134.35 lows on Friday to 136.60 now. Next resistance 137.00. MAs aligned higher, MACD signal line & histogram higher, RSI 79.50, OB & rising, H1 ATR 0.254, Daily ATR 1.54.
#HFAnalysis #MarketNews #trading
