The markets continue to be driven by taper-talk and this week’s video takes a look at the S&P 500, US bonds, AUDUSD and GBPUSD.
- US 10 year bonds could be heading for 2.75%
- Looking at the weekly chart, the S&:P 500 has seen a significant fall but we still need to break below 1671 before we talk of a reversal pattern
- The GBPUSD chart suggests that a break below $1.5410 could lead us to $1.5230
- For AUDUSD there is also the potential of a reversal and a short-squeeze. Note that AUD shorting is at a record level
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Video content by Michael Hewson of CMC Markets.
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