Today's interesting charts
Comment of the Day

June 29 2012

Commentary by Eoin Treacy

Today's interesting charts

In what has been a dynamic day for global financial markets suggesting there has seldom been a better time to review markets of potential interest.

Eoin Treacy's view Asia Dollar Index – the Index has paused in the region of the October and December lows for much of the last month but today's upward dynamic suggests the return of at least near-term demand. A sustained move below the June 1 st low near 113.6 would be required to check potential for an additional unwind of the overextension relative to the 200-day MA.

Eurobunds – have returned the test the psychological 140 area over the last month and a break in the short-term progression of lower rally highs would be required to question potential for additional downside.

Spanish 10-year yields – EU 10-year Generic yields – falls to break the four-month progression of higher reaction lows suggesting a peak of a least near-term significance.

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