Sunday, April 15, 2018

Week Ahead 16

Equities bumped into a resistance at the end of the week. Friday afternoon the breakout attempts were rejected for the time being. Market reactions on the Syrian airstrikes on Monday morning could be muted due to the lack of details on potential Russian retaliation. Though, sentiment could change quickly due to new developments.

The US 2y yield closed at monthly high flattening more the curve.

German spreads are near monthly lows.

Oil heavy commodity index in a breakout mode following WTI price action.

On Wednesday it seemed that bullion will be breaking out, but on Thursday a daily bearish engulfing wormed.

Dollar index back into the range after forming a double top week before.

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