HOME
PREMIUM
AMerican and Japanese flags and money

What I’m Watching Today – Falling Rates, Euro, Yen, and Copper

By: 
Christopher Lewis

With the Non-Farm Payrolls announcement coming out lighter than thought, this is sending yields in the US lower; this could move several markets.

US2Y Technical Analysis

TradingView daily candlestick chart of the US 2-Year Yield pulling back to 4.735%, above the 50-day EMA at 4.506% and 200-day EMA at 4.110%.
Daily chart of the US 2-Year Yield showing price pulling back toward 4.735% following US employment data.

The 2-year yield I’m watching is dropping after the jobs report came in very anemic on Friday. We had anticipated 90,000 jobs added; we got 29,000. So, the idea is maybe the Federal Reserve won’t have to raise rates as quickly. We’ll have to wait and see, but this will have a major influence on how certain assets play out, and that is in the back of my mind.