It is a acquainted story as we have been additionally on this place yesterday. For now, Treasury yields are sitting simply barely decrease on the day however issues might flip round as soon as once more later once we get to US buying and selling. Preserve that in thoughts in the event you’re on the lookout for any modifications to the buying and selling bias within the day forward.
At the least for the second, the greenback remains to be protecting steadier with mild positive factors towards the euro and pound whereas holding only a contact decrease towards the yen. USD/JPY is seen at 147.40 ranges now however the 50 pips vary is comparatively modest in comparison with what now we have seen up to now two days.
Elsewhere, equities aren’t actually discovering a lot enthusiasm. It has been one-way visitors this week and I reckon buyers would solely really feel extra snug if the bond promoting additionally takes a bit extra of a breather in US buying and selling. In any other case, the jittery temper seems set to proceed with Adam highlighting the potential for a head-and-shoulders sample within the S&P 500 right here.
