Technical Analysis

Treasury yields push to recent highs however shares present extra life

This one goes right down to the wire

US 10-year yields have made a recent excessive at three.22%, up eight.four foundation factors on the day. That is a worrisome rise for fairness bulls however it’s excellent news for USD/JPY (as long as it would not wreck shares).

On the similar time, equities are nicely off their lows. The S&P 500 is down 18 factors to 2721. A detailed above 2711 would keep away from an outdoor adverse reversal.

Something might occur within the final 30 minute of buying and selling.

ForexLive


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