FXstreet.com (Barcelona) - The Italian government sold €4B of 5 year bonds at 3.80% (previously at 4.09%) and £3B of 10 year debt at 4.92% (previously at 5.24%), hitting the targeted amounts. The Italian Debt Management Office officials were very pleased with the average yields obtained, the lowest since May 2011, and with 91-92% of the funding needs taken care of.
The EUR/USD improved on the results and trades at its highs, with its peak printed at 1.2960, while trying to hold above 1.2950. EMU consumer confidence has seen a little lift in October, but data came in weaker and disappointing overall.
“Yesterday's several tests of 1.2885 area failed and current intraday bias is positive above 1.2916 support, struggling below 1.2950 dynamic resistance”, wrote Deltastock.com analyst Stoyan Mihaylov, expecting a break through the descending trend line to initiate a rise for through 1.3022 crucial level, en route to 1.3170 high.
The EUR/USD improved on the results and trades at its highs, with its peak printed at 1.2960, while trying to hold above 1.2950. EMU consumer confidence has seen a little lift in October, but data came in weaker and disappointing overall.
“Yesterday's several tests of 1.2885 area failed and current intraday bias is positive above 1.2916 support, struggling below 1.2950 dynamic resistance”, wrote Deltastock.com analyst Stoyan Mihaylov, expecting a break through the descending trend line to initiate a rise for through 1.3022 crucial level, en route to 1.3170 high.
