Bank Recomendations
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A reversal seems to be taking shape, especially in U.S. Treasuries
Tue, Jun 16 2009, 06:13 GMT
by Benny Menashe
Finotec Group Inc.
NOMURA
BUNDS: "On the topside, a sustained break and close above 118.69 would be the minimum requirement to instil some momentum... A reversion back through 118.10 on the other hand would raise further question marks and if the low at 117.47 were to go as well, the potential for further downside would be significant."
COMMERZBANK
US TREASURIES: "A reversal seems to be taking shape, especially in U.S. Treasuries. If the yield of ten-year notes returned to 3.74 percent, further progress would be made in this regard. Whilst today's U.S. data may not be conducive to this happening, they should not critically jeopardise the recovery. However, the recovery would probably be postponed if the yield of ten-year Treasuries climbed above 3.87 percent again. The 3.80 percent mark should be an obstacle ahead of this level."
Published on
Tue, Jun 16 2009, 06:14 GMT
Archive
- Near-term positive above $1.6266, focus remains on renewed gains
Published On Mon, Aug 3 2009, 10:45 GMT
- We cannot rule out a return to 93.55/93.85 yen, or at most to the 94.65/90 resistance area
Published On Mon, Jul 13 2009, 12:49 GMT
- Looking for direction while trading above an increasingly large, upward-sloping Ichimoku 'cloud'
Published On Tue, Jul 7 2009, 08:40 GMT
- The up-thrust top should within a few sessions start to deliver further downside pressure
Published On Thu, Jul 2 2009, 10:46 GMT
- Consolidating in a 'triangle/pennant' formation at the lower edge of a large Ichimoku 'cloud'
Published On Mon, Jun 29 2009, 10:40 GMT
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