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Solid Economic Data Boosts US 10-Year Treasury Yields
• The yield on the US 10-year Treasury note *rose to 4.28%* on Thursday, rebounding after initial declines.• Market odds indicate a 70% chance of a rate cut in June and an 86% likelihood of a cut in July.• The Fed did not formally announce any tapering in the pace of quantitative tightening, but Cha
Solid Economic Data Boosts US 10-Year Treasury Yields
• The yield on the US 10-year Treasury note *rose to 4.28%* on Thursday, rebounding after initial declines.• Market odds indicate a 70% chance of a rate cut in June and an 86% likelihood of a cut in July.• The Fed did not formally announce any tapering in the pace of quantitative tightening, but Cha
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Analysis: Gold (XAU/USD)
• Gold experiences a decline for the first time in ten consecutive trading days early Tuesday. • In the previous trading session, an evening star pattern was identified, when prices were floating at 2175.50, marking a trend reversal pattern. • Later, with the release of hotter-than-expected CPI read
Analysis: Gold (XAU/USD)
• Gold experiences a decline for the first time in ten consecutive trading days early Tuesday. • In the previous trading session, an evening star pattern was identified, when prices were floating at 2175.50, marking a trend reversal pattern. • Later, with the release of hotter-than-expected CPI read
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