EURUSD Driven by US 2y Treasury yields
Updated
USD might be under pressure this week with ISM manufacturing expected to slow down, and NFP expected to remain below 200K which also suggest slowing. Overall US economy is strong with robust consumer spending and business fixed investment which expect to drive the economy and corporate profitability.
2y US Treasury yields dropped a little bit, and this could weight on the US Dollar in the short term. Should we see positive GDP and ISM data from the EZ this week the pair might adopt a bullish character this week and challenge 1.80000 handle
2y US Treasury yields dropped a little bit, and this could weight on the US Dollar in the short term. Should we see positive GDP and ISM data from the EZ this week the pair might adopt a bullish character this week and challenge 1.80000 handle
Trade active
Trade is playing out as expected and it would be a time to move your stop closer to better manage your position.Trade is still in play
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.