30day moving average yesterday: MARKET UPDATE - Thursday, June 2, 2016
- 06/02/16 09:04 PM
What's going on and why does it matter? Mortgage bonds opened flat today after failing to close above their 30-day moving average yesterday. The 30-day moving average is now operating as a technical ceiling of resistance. If bonds can close above this barrier, mortgage pricing may improve. However, if mortgage bonds fail to break through this barrier, they are likely to continue drifting sideways or take another plunge down toward their 100-day moving average. This could cause mortgage pricing to get worse. The European Central Bank (ECB) decided to leave rates unchanged in Europe, and there were no major surprises in their monetary … (0 comments)
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What's going on and why does it matter?
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