The Euro continues to make any significant headway against the US dollar despite the pair posting a set of short-term higher lows from late March. Get your market update from nickcawley1 here:
The yield on the 10-year German Bund has turned positive for the first time in nearly three years as bond vigilantes continue to re-price government debt against a background of global monetary policy tightening. The yield on the German 10-year benchmark has been kept in negative territory by ongoing bond-buying via the ECB’s Asset Purchase Program , part of a non-standard monetary policy measure that began in mid-2014 to ensure price stability.
The Euro continues to make any significant headway against the US dollar despite the pair posting a set of short-term higher lows from latecontinues to play out, suggesting a larger move lower is likely in the coming weeks. Any move lower will take time to play out due to a congested zone of recent prior lows all the way back down to 1.1185, while the CCI indicator is showing the pair nearing oversold territory.
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