Jerome Powell speaks to the Wall Street Journal, the markets react instantly
The Fed Head’s WSJ interview generated plenty of interest in the [...]
Trading news
Gold investors panic amid the rise of the US 10-year yields – GOLD Market Outlook – 17/02/2021
US10Y yields jumped to one year highs, printing above 1.30%, as optimism around a recovering economy continued to buildup, pushing the non interest bearing safe haven to below the $1800 mark with the death cross now confirmed on the daily chart, a bearish technical formation that foreshadows further downside. An hourly close below 1790 support level will have 1780 and 1770 as next support targets, as investors wait for FOMC minutes along with PPI and Retail Sales data out of the US today.
Support: 1790/ 1780 / 1770
Resistance: 1800 / 1815
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Wednesday, 17 Feb, 2021 / 9:58
Trading news
Dollar surges, stocks sink after Powell lets yields run loose
Powell gives no hints about possible action to stem selloff in [...]
Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021
Stocks in London were going up nicely yesterday during the European trading [...]
