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What I Am Watching Today, Oct 12 – US2Y, Copper, EUR/USD, and USD/CAD

What I Am Watching Today, Oct 12 – US2Y, Copper, EUR/USD, and USD/CAD

By: 
Christopher Lewis

The markets continue to see a lot of noisy trading, and rates continue to be one of the bigger movers in the market currently. However, the Americans and Canadians have bank holidays as well.

US02Y Technical Analysis

Daily chart of the U.S. 2-Year Treasury Yield on TradingView at 4.791%, trading above EMAs of 4.560% and 4.143%.
Daily chart of the U.S. 2-Year Yield (US02Y) on TradingView consolidating around 4.791% above EMAs at 4.560% and 4.143%.

The first market I’m watching, of course, will be the two-year yield. That’s been the game for a while. It is rising slightly during the day. Although let’s keep in mind, today is Columbus Day, so certain bank traders won’t be at work. In Canada, we have Thanksgiving, so North America is going to be pretty thin at this juncture.