EURJPY could pull back to the trendline and bounce!

EURJPY could pull back to the trendline and bounce!

The US was off-line yesterday, while the mood overnight in Asian markets was very positive, with the Nikkei 225 posting a 2% gain taking it well above 30,000 as the yen is very weak across the board, even weaker than the US dollar. Crude oil and products supported by US...

The Breakout Opportunities system has just bought EURJPY at 128.224. The system recommends entering this trade at any price between 128.02 and 128.37. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.237, suggesting that the EURJPY may have further...

We discuss the ongoing reflation thematic and look ahead to potential pathways should yields continue their march higher.Despite a quiet week ahead, reflation remains firmly in focus, oil prices are at 13-month highs, and global growth is rebounding as vaccination programmes roll out. Equities broadly remain supported by combination of...

Ten-year US Treasuries yields may rise fast towards 1.5% once they break above their upper trendline at 1.22%. When we compare 10-year Treasury yields to the 10-year Breakeven rate, we find that there is a mismatch between the two. Either inflation expectations are too high, or 10-year yields lag the...

This week, the reflation trade will be in focus as 10- and 30-year US Treasury yields closed last week above their resistance level. It will be essential to monitor the release of the FOMC minutes as any mention of tapering might be a setback for rising yields. The 30-year TIPS...

Today we discuss the further ramping of US equity prices to new record highs for the cycle on Friday, as US long treasuries sold off steeply and even added to their losses overnight, sending long US yields to new highs for the cycle. This represents a tightening of financial conditions...

Positions and changes made by hedge funds across commodities, forex, bonds and stock index futures during the week to February 9.Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the...

Equities closed last week on strong note, with the US VIX measure of volatility closing below 20 on Friday for the first time in nearly a year. US long treasury yields ended the week at new cycle highs and rising yields may at some point prove incompatible with ever rising...