Possible movement in BundLooking for a sell setup in Bund after the last correction wave. Shortby AttilaMeszaros2
Inverse correlation between Bunds and USD/JPYBunds and USD/JPY are inversely correlated since June 2015. This is precisely the time when market began questioning the efficacy of the BOJ policy and Yen began to rise. Prior to June 2015, Bunds and USD/JPY pair shared a direct relationship…given that stimulus in Kapan pushed bond prices higher across the globe. 10-yr Bund prices could extend the recovery to 167.00 levels or so over the next week… given the Dollar-Yen pair has suffered repeated failure around September highs and the retreat to 103.60 today amid bearish crossover on the daily MACD suggests the bird is likely to extend losses further over the next week. Given the inverse relationship… losses in Dollar-Yen means Bund prices could move higher to 167.00 levels. by TipTVFinance0
German 10-yr Bunds at key support, bullish divergence on intradaGerman 10-yr Bund prices dropped to rising trend line support coming from June low and July low. Prices are attempting a rebound form the rising trend line support and the odds of a solid rebound are high, if we take into consideration the bullish price RSI divergence on the hourly and 4-hr chart. Even the MACD is suggesting the bearish momentum has run out of steam. Possible rebound in Bund (drop in yields) suggests we may be in for a more pronounced bout of risk aversion in the financial markets. by TipTVFinance0