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The rally in bonds came to an abrupt end after a US CPI print that saw a big number at both the headline (0.9% vs 0.6% exp) and core (0.6% vs 0.4%). Post the CPI, 2yr UST yields immediately tested 0.50% before settling ~0.49% in an initial bear flattening move,
#silver: Forget everything and check this out. The GOLDEN CROSSOVER pattern on the monthly chart.
The last time the pattern emerged was in October 2004 and readers knew the story of what happened next. #Commodities#silversqueeze#FXコピートレード#FX初心者
The Fed the following week is set to announce a relatively brisk 6mth QE tapering. All told that should keep short term yield spreads trending in the USD’s favour and leave the USD with a bid tone in the next several weeks. DXY dips are likely limited to the mid-tolow 93s-Westpac
US$ - Looks to be finding its feet in the mid-93s. The focus will turn to the ECB and US Q3 GDP this week. The ECB likely underscores dovish guidance, while US GDP will show the rebound stalling, but price pressures continuing to build.