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US Jobs Report Puts Yields, XLE, Copper and CAC 40 in Focus

US Jobs Report Puts Yields, XLE, Copper and CAC 40 in Focus

By: 
Christopher Lewis

US jobs data puts Treasury yields in focus as XLE stays bullish, copper holds its $6.50–$6.80 range, and the CAC 40 tests its 200-day EMA.

US 10-Year Yield Technical Analysis

Daily candlestick chart for the US 10-Year Treasury Yield showing yield at 4.764%, the 50-day EMA at 4.645%, and the 200-day EMA at 4.438%.
Daily chart for the US 10-Year Treasury Yield showing yield at 4.764%, holding above the 50 EMA (4.645%) and 200 EMA (4.438%). Source: TradingView

The US 10-year is where I’m focusing on first today, watching that yield. This yield will be moving after the jobs report, so I’m definitely going to keep an eye on that. Higher yields mean less risk. This is a bad news is good news potential day, so watch that closely is the first thing I’ll be thinking when I open up the platforms.