October Fed hike odds have surged to 69.7% on a booming flash PMI, driving the 2-year and 10-year Treasury yields to fresh multi-year highs—and pushing EUR/USD toward a structural decision zone at 1.1323–1.1353.
The post October Fed Hike Odds Hit 70%, US Yield Breakout Puts EUR/USD at Risk appeared first on ActionForex.
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Key Highlights Gold struggled to regain traction and remained below $4,420. A bearish trend line is forming with resistance at $4,360 on the 4-hour chart. WTI Crude Oil dipped below $100.00 and might consolidate losses Read more…
Australian employment rebounded from -15.8k to +39.5k in August, comfortably beating expectations for a gain of around 20k, but the stronger headline was offset by a rise in unemployment. The unemployment rate increased from 4.5% Read more…