3/12/2021 3:34:10 PM GMT
Government bond yields keep ramping up despite centra banks’ measures.
Growth imbalances in favor of the US should provide further support to the dollar.
EUR/USD is technically bearish and heading toward the 1.1700 level.
The week ends as it started, with government bond yields soaring and the greenback following their lead. The yield on the benchmark 10-year US Treasury yield peaked at 1.62% at the beginning of the week, then retreated to as low as 1.47% mid-week. Heading into Friday’s close, the yield resumed its advance and stands at 1.62%.
The EUR/USD pair traded alongside, peaking at 1.1989 on Thursday, following the European Central Bank Monetary policy announcement, now trading around 1.1930.
Following
EUR/USD Weekly Forecast: ECB and US Treasury yields to make it or break itANALYSIS |
3/5/2021 3:26:31 PM GMT
Federal Reserve chief Powell pushed government bond yields to fresh one-year highs.
The European Central Bank may step up the pace of assets purchases in its next meeting.
EUR/USD has bounced just modestly from a critical Fibonacci support level.
The EUR/USD pair fell to a fresh 2021 low at 1.1892 this week, ending with a handful of pips above this level. The dollar soared across the board following comments from the head of US Federal Reserve Jerome Powell.
Powell revived yields’ frenzy