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Equities and Bonds extend higher

CROSS ASSET
  • A gap higher for the Estoxx overnight (VGZ3), as Yields continue to fall, the futures contract is another 19 points up, with next resistance coming at 4270.80 50-day EMA.
  • Risk on tone and in turn the move lower in Yield is keeping the lid on the USD this morning, and has been under pressure in the past 5 days.
  • The Swissy is the best performer, up 0.34% and also the best performer during the past 5 days, up 1.49%, now looking to test immediate support at 0.8986, followed by 0.8949 in USDCHF.

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