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Bonds and FX

CROSS ASSET
  • TYH2 is trough the 131.05 double top, and next resistance is now seen at 131.14. More short cover are going through.
  • In terms of 10 yr yield, next support in 10yr is at 1.4115%, the November low, and lowest level since 24th September.
  • USD is mostly better offered on the back of yields, although, up against Risks and Commodities tied currencies (NOK, CAD, AUD, NZD).
  • EUR hedges higher and is up against all the majors (Circa flat vs the Yen).
  • EUR continues to benefit from EUR risk and Commodity crosses.
  • EUR leads against the CAD, up 1.06%, highest since 7th October.
  • Next resistance is seen at 1.46311.
  • EURUSD still eye 1.1374 High Nov 18 and the 20-day EMA

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