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Narrow Ranges in FX: Calm before the Storm?

From marctomarket.com

Equity markets are mostly weaker, and benchmark 10-year yields are a little softer. The foreign exchange market is subdued ahead of today’s US CPI. The large bourse in Asia Pacific region with the exception of India worked lower and Europe’s Stoxx 600 is off for the second consecutive session. US futures have a heavier bias. Yesterday the US bank share indices filled the gap created at the end of last week but recovered. Today’s price action will be important from a technical perspective. Benchmark 10-year yields in the US and Europe are mostly around two basis points lower, which leaves the 10-year Treasury yield ... (full story)

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  • Category: Fundamental Analysis