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CROSS ASSET: Bonds spike higher, USD dip lower post US Retail sales

CROSS ASSET
  • A 17 ticks spike in Bund following the lower than expected US Retail sales, but the higher revisions has limited the pace and the extend of the moves.
  • US Tnotes saw a similar move spiking 7 ticks, but just off the intraday high of 109.08.
  • Equities have done very little, while the Dollar is of course offered, EURUSD is edging towards the 1.0500 figure, and a clear break through that area, would see the next resistance in EURUSD at 1.0533 High Jan 27 and a reversal trigger.
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  • A 17 ticks spike in Bund following the lower than expected US Retail sales, but the higher revisions has limited the pace and the extend of the moves.
  • US Tnotes saw a similar move spiking 7 ticks, but just off the intraday high of 109.08.
  • Equities have done very little, while the Dollar is of course offered, EURUSD is edging towards the 1.0500 figure, and a clear break through that area, would see the next resistance in EURUSD at 1.0533 High Jan 27 and a reversal trigger.