A cross-market snapshot - RBS

FXStreet (Guatemala) - Analysts at RBS offered a cross market technical outlook.

Key Quotes:

"Treasuries: 1.78% may be re-tested, but it marks the sell level of H&S => 2.33% attract;

Bunds: constructive to 0.13% amid bullish flag, possibly to 0.02%;

US - Germany 10yr: widening to 196 bps onto 209 bps expected;

Gilts: range of 1.33% - 1.92% for now; then 2.19% and 2.36% attract;

UK - Germany 10yr: more widening expected to 153 bps, 166 bps and 174 bps;

Japan 10yr: range 0.30% - 0.40% for now, then 0.48% onto 0.58% attract;

S&P-500: expected correction from 2,110 is still in place, then bullish to 2,240;

DAX-30: remains constructive to 12,600 onto 14,180. Support at 11,630;

Nikkei 225: remains constructive to 20,700 onto 23,640. Support at 18,880;

EUR/USD: 1.06 to see a base, targeting 1.13 amid outside week and MACD turning positive;

GBP/USD: bullish to 1.53 onto 1.56 amid outside week and positive MACD;

EUR/GBP: 0.7152 target reached; range 0.7152 – 0.7390 for now. After that 0.7625 attracts;

USD/JPY: 121 target reached; use correction to 118 to re-load for 124;

Oil Brent: $64 to limit recovery, as $42/39 attract onto $25/20 and possibly $14."