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EUR/USD, Copper and CAC 40 Face Key Tests Ahead of CPI

By: 
Christopher Lewis

Treasury yields surge ahead of CPI as EUR/USD, Copper, and the CAC 40 test key technical levels and potential trading setups.

2 Year Yield Technical Analysis

Daily candlestick chart for US 2-Year Treasury Yield (US02Y) showing yield surging to 4.568%, trading well above the 50-day EMA at 4.260% and the 200-day EMA at 3.998%.
Daily chart for US 2-Year Treasury Yield showing yield jumping to 4.568%, firmly above the 50 EMA (4.260%) and the 200 EMA (3.998%). Source: TradingView

The first chart is the 2-year yield. This has been screaming higher over the last week or so, and that is starting to make headlines around the world, with it being basically out of control.