That little down time has knocked me right out of kilter. I just hope that 115 minute call to the US to sort the problem out was toll free or my missus is going to string me up when the phone bill comes in.
So in an effort to catch up on things here’s a little rundown
EUR/USD is giving me deja vu from yesterday
EURUSD 15m 13/14 08 2014
1.3350-1.3400 has been good for the intraday players. The euro keeps trying though and many have been burnt trying to keep a lid on old teflon.
USD/JPY is also bouncing between the numbers but the lows are stepping higher. 102.70 the near level to watch but it’s faked os many times before.
GBP/USD Old betty went down the pub yesterday afternoon and hasn’t been seen since. Maybe she’ll be back to work tomorrow for the Q2 GDP revision. The 200 dma and 1.6654 support halts the downside for now.
EUR/GBP looked to be making a run for it. the 0.8000 level held and so buyers took confidence to drive it higher with EUR/USD. While we hold then the upside still beckons
US stocks are having a fair day and 10 year bonds did try to stage a bounce back over 2.40% but have since slid back slightly below.
Oil’s been spanked, as we know.
Obama was out earlier blathering on about continuing airstrikes in Iraq and says the situation has improved so does not expect to mount any additional missions to evacuate people from the mountain
The “will they won’t they” Russian aid convoy is still being watched carefully by those worried about it being a trojan horse.
Wagons roll..or not
US sold 30 year bonds at the lowest yield since May 2013. $16bn went off at 3.224%, lower than the 3.256% expected. BTX was 2.60 vs 2.40 prior. Indirect bidders (Foreign CB’s etc) were down from last time to 45.9% from 53.2%. Primaries bid 29.8% vs 35.7% prior. Directs bid for 24.4%
