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Category: Forex News, News

Market Forecast – Calm US Yields Lift EUR/USD and Set Up DAX Catch-Up Trade

The US 10-year yield eases to 4.633%, still above both EMAs after retreating from the 4.70% resistance area. Source: TradingView

The US 10-year yield is basically just treading water above the 4.60 level, an area that has been supportive for yields for a while now. And the 50-day EMA sits just below there as well, so I’m looking at this as neutral today, until something happens, of course. There are major headline risks going into the weekend, so that could come into play as well as far as how people behave.

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