Earlier in the week we discussed how US 10 year yields USD/JPY have been moving higher together recently. Both were moving higher on Monday due to positive new from China. German 10-year bunds and EUR/JPY have also been moving higher together. Whereas US Yields and USD/JPY have been moving together for some time now, Bund […]
The post German Bund Yields Moving Higher, Bringing EUR/JPY with Them appeared first on Action Forex.
Headline CPI inflation for April came in at 1.7% year-on-year (y/y), down from 2.3% y/y in March but above expectations for a 1.6% y/y print. The deceleration was due to gasoline prices tumbling 18.1% y/y Read more…
You don’t have to be a genius or a member of Mensa to assess the current state of the American shopping mall. If you’ve been to one recently — or, really, if you’ve just switched Read more…
Daily Pivots: (S1) 1.1180; (P) 1.1234; (R1) 1.1296; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, decisive break of 1.1292 resistance should indicate that correction from 1.1572 has already Read more…