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What I am Watching Today – U.S. 2-Year Yield, EUR/USD, Copper, CAC 40

By: 
Christopher Lewis

The interest rate markets continue to be a major driver of where we are going at the moment, and as a result, several markets are moving.

US2Y Technical Analysis

Daily candlestick chart of the US 2-Year Treasury yield trending upward to 4.785%, above its 4.532% and 4.124% EMAs, with the 10-year yield below at 5.254%
Daily chart of US 2-Year Treasury yield (US02Y) at 4.875%, pulling back from a recent high, with EMAs and 10-year yield indicator.

The first chart I’m watching is the U.S. 2-year yield. It is dropping a little bit during the trading session. That could provide a little bit of relief for some risk appetite-based assets. We’ll just have to wait and see. But right now, it is still elevated, so I think anti-U.S. dollar sentiment is probably somewhat short-lived.