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Markets in Focus Today – US2Y, AUD/USD, Copper, NASDAQ 100

Markets in Focus Today – US2Y, AUD/USD, Copper, NASDAQ 100

By: 
Christopher Lewis

The markets continue to see a lot of momentum, with interest rates continuing to be a major driver of where we are going.

US2Y Technical Analysis

TradingView daily candlestick chart of the US 2-Year Yield trading near 4.885%, above the 50-day EMA at 4.501% and 200-day EMA at 4.104%.
Daily chart of the US 2-Year Yield showing consolidation near the 4.885% level.

The 2-year yield is where I’m starting. It continues to elevate in general, although it is not necessarily taking off during the Thursday session. As long as the 2-year yield and the 10-year yield remain fairly elevated, I think it is difficult to get too bullish on currencies other than the U.S. dollar, so it is worth watching.