The opening of the US session is going to be important for the dollar
In my prior post I wanted to see what the yanks do when they touch down and so far ithings aren’t looking that great for the buck. I was going to write about 113.10 could be important but that’s been taken out as I type. 113.00 is the next level to watch, though we’re back at 113.13.
There’s no need to look far to see one of the culprits helping the dollar lower.
US 10yr yields have edged further away from 2.37%.
Should 113.00 give way, there’s a bit of space until 112.70/80 so watch for any stops if 113.00 does break.
These are not big moves, so it’s still early days but usually you can get a feel for how the US wants to start their day by monitoring these early moves.
- Here’s how the ForexFlow traders get ready to trade today’s US NFP - July 2, 2020
- Risk aversion, not panic, in face of uncertainty – 4X Global Research - July 2, 2020
- GUESS WHAT’S BACK??? - July 1, 2020