Editorial

Les contrats de taux ne présentent actuellement aucun attrait. Les fluctuations de cours sont faibles et aucun mouvement significatif n’est envisageable pour les prochains jours. La dynamique d’évolution entre les taux américains et européens milite pour un redressement de l’€.

 

Contrat €-Bund

Le texte suivant est traduisible à l’aide de Yahoo Babelfish.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long term: flat

 

On a quarterly basis, Bollinger bands spread is minimal. Bollinger bands are flat. A bearish B type crossover is the status for our 7 / 23 quarters moving averages. MQ (116.45) is our main resistance.

On a monthly basis, the spread UM / LM is near its minimal level. With our 7 / 23 moving averages, a bearish non-crossover is in progress. Our stochastic and MACD are neutral. UW (117.06) is our main resistance.

Idea: less bullish tan 10 Y T-Notes

           

Medium term: rise

On a weekly basis, the spread UW / LW is maximal. The status for our 7 / 23 weeks moving averages is a bullish B type crossover. As long as our stochastic is not overbought, the rise will continue. UW (115.68) is a strong resistance.

Idea: toppish.

 

Short term: flat

On a daily basis, the spread UD / LD is minimal. The status for our stochastic and MACD is a bearish non-crossover. The status for our 7 / 23 days moving averages is a bullish non-crossover. UW (115.68) is our main resistance. LD (113.79) is a strong support.

 Idea: no strong trend.

 

Conclusion: toppish on a medium term basis.