US Government Bonds 10 YR
Gold into heavy resistance here. Indices are making new highs so risk on trade coupled with overbought conditions on gold will drive this quote down. A break below $1724 support and we see $1700
Recently broke through 2.4% resistance. May test 2.6% if the FED takes a hawkish tone in December. Interesting times ahead for the Bond market. The rising yield has impact on the emerging markets as well.
The USD would ususally move according to the USD strength i.e. DXY. Lately, it hasn't been the case. There could be multiple theories around it..from fundamental to political to technical. I am wondering what gives! One plausible explanation is may be the Fed policy has gone beyond what's needed. But then again, it's pretty much set in stone now! Is it a...