Trial now
USDJPY TECHS

Bullish Engulfing Reversal Still In Play

FOREX

Will The CHF Strength Drag Down Swiss CPI?

EURGBP TECHS

Short-Term Outlook Remains Bullish

PIPELINE

Rabobank Launched

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

To recap, the widening of U.S. breakevens outstripped movements in nominal yields on Monday (with the Tsy curve seeing some light twist steepening), resulting in a downtick for our weighted U.S. real yield monitor, ultimately supporting gold prices, with spot closing above $1,800/oz. The risk positive price action surrounding the recently revealed Yellen-Liu call (with both the ensuing market reaction and details re: the call proving to be limited) and post-earnings dynamics surrounding tech giant Facebook have applied some light pressure, but spot hasn't really tested the $1,800/oz, printing a touch above the round number, a handful of dollars softer on the day. The technical backdrop remains as it was this time yesterday.