Forex Signals – Forex Signals Brief for Mar 30: Bond Yields Edge Higher
US equity markets ended the session slightly higher, but both USD and bond yields rose again.
We have been paying close attention to bond yields lately and can see the US 10-year yield gradually pushing back towards highs around 1.75%. This helps stimulate demand for the greenback and then weighs on the majors and commodity markets.
The data agenda
The most important data point today will be US consumer confidence in an otherwise very bleak economic calendar on Tuesday.
The expectation is for confidence to rise in March, which will result in a number of US states opening and lifting all restrictions.
Forex Signal Update
The FX Leaders Team met 1 winner from 2 trades as the greenback rose higher for another day.
Make sure you Follow our live signals As volatility increases and we can see the VIX is back above 20.
USD – watch
As mentioned, the greenback is pushing back on the highs and remains bullish.
Oil – active signal
WTI is pushing up despite a soaring USD and news that the Ever Given has been bailed out again. We’re short for now.
The price hit the $ 58,000 level where it encountered resistance that has been in place since mid-February.