The rallied by about 75 foundation factors yesterday, but it surely stays a market with weak breadth. Breadth was notably weak within the morning, although it improved barely because the day progressed....
Regardless of the expectation of great fee cuts by the Federal Reserve in 2024 and 2025, analysts at Wells Fargo Funding Institute predict that the U.S. greenback will stay elevated.
Analysts in a word...
This view is supported by the outlook for US Treasuries, the place a big directional transfer appears unlikely. Upside dangers to Treasury yields seem capped by the necessity for the Fed...
Gold (XAU/USD) Evaluation
Really helpful by Richard Snow
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USD Drifts Greater Whereas Yields Seem Weak to Additional Draw backThe...
