Forex Indices: The Breakdown

From insights.globalprime.com

The USD was sold harshly as a solid 10y UST auction led to have second thoughts over the recent bond sell-off. In fact, the USD set to record a down day for 2021 after three days of upside. Still, do remember where we stand in the grand scheme of things via this video analysis.The major sell-off makes me near term agnostic of further downside in the USD, especially in light of the pocket of demand retested in the USD index. Looking at the broader market spectrum, the EUR, CHF, JPY all hold a bearish outlook, while the GBP, AUD, NZD are gaining traction, but too much too quick. The USD was sold harshly as a solid 10y ... (full story)