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US yields push higher- EUR/USD falls back again
In the penultimate update on Gold we mentioned the pre-opening slide in NVDA as a driver for losses in the metal, but what we did not mentioned (and we should have) is the fact that those US Treasury yields are on the rise again this afternoon and that has seen the 10 year yield rise above 5.05%. That has dented gold as much as it is now supporting a move higher in the dollar again.
So, earlier the EUR/USD did exactly as we expected and stalled short of 1.1105 on the upside. The high seen was set at 1.1103. It has just now edged back towards 1.1075 and hence not far removed from the earlier Asian low, at 1.1066. The EUR/USD is right now at 1.1079
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USD/JPY toying with 160.00 again but the BOJ is watching on (corrected)
As expected, the EUR/USD has fallen further and so has Gold. We warned you that it was probably not finished with the downside and another attack on...
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USD/JPY toying with 160.00 again but the BOJ is watching on
As expected, the EUR/USD has fallen further and so has Gold. We warned you that it was probably not finished with the downside and another attack on...
-
US yields push higher- EUR/USD falls back again
In the penultimate update on Gold we mentioned the pre-opening slide in NVDA as a driver for losses in the metal, but what we did not mentioned (and...