20 Jun 2014
Technical snap shot at global markets - RBS
FXStreet (Guatemala) - Strategists at RBS noted technical levels across glbal markets.
Key Quotes:
“Bunds broke the 146.00 resistance level, but ended the week with a bearish pattern, suggesting more upside after a correction”.
“Treasuries are set to trade in a range with further downside pressure on the table; 10-yr US-Germany targets 137 bps and 148 bps post flag breakout”.
“Gilts completed a bullish correction to the mid-Bollinger band; after consolidation, I expect further downside”.
“S&P 500 correction ended, as further upside towards 2,030 is on the table”.
“Italy-Germany 10-yr spread is seeing a correction from 141 bps, but remains posed for tightening to 108 bps afterwards”.
Key Quotes:
“Bunds broke the 146.00 resistance level, but ended the week with a bearish pattern, suggesting more upside after a correction”.
“Treasuries are set to trade in a range with further downside pressure on the table; 10-yr US-Germany targets 137 bps and 148 bps post flag breakout”.
“Gilts completed a bullish correction to the mid-Bollinger band; after consolidation, I expect further downside”.
“S&P 500 correction ended, as further upside towards 2,030 is on the table”.
“Italy-Germany 10-yr spread is seeing a correction from 141 bps, but remains posed for tightening to 108 bps afterwards”.