Global Markets Forecasts – Elevated Yields and Geopolitical Risk Keep Forex and Indices Steady

US10Y Technical Analysis

The first chart is the 10-year yield, and it is rising in America early on Thursday as we continue to bang around between 4.55% and 4.65%. With that being said, rates are somewhat elevated, and that could put a bid into the US dollar. It also could damage risk appetite. As long as the moves aren’t too quick, I think the market can deal with it, though. It’s whether or not we see some type of massive spike because, after all, we still have the war in the Middle East, which just doesn’t seem to want to go away. As long as that’s the case, there will be concerns about inflation despite the fact that both CPI and PPI this week have been lower than anticipated.