Critical Levels and Market Anticipation - US 10Y yield
Unveiling the High-Stakes Dance of US Inflation and the 10-Year Yield: Critical Levels and Market Anticipation"
A slew of US inflation data is scheduled for release on Friday, prompting our attention towards the US 10-year yield. Initially holding ground at 3.79, it has recently broken its short-term downtrend and is undergoing an upward correction. The market has paused near the 4.10 level, precisely aligning with the high of March 23 at 4.09.
It seems the market is consolidating its recent gains. Beyond the 4.10 mark, the immediate target price appears to be a combination of the 55-day moving average, presently at 4.31, and the previous peak in August 2023 at 4.36. Notably, these two levels stand out clearly on the chart, also marking the high from October 2022.
From a technical perspective, breaching 4.10 could lead to an upward movement towards 4.31 to 4.36, serving as the next significant barrier. On the downside, the recent low of 3.79 and the 20-month moving average at 3.80 act as initial support levels. Below this lies a more substantial base of support, not encountered until 3.25.
The forthcoming inflation figures on Friday should be interesting. All eyes are set on these critical levels for the US 10-year yield, hinting at potential market movements ahead.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
A slew of US inflation data is scheduled for release on Friday, prompting our attention towards the US 10-year yield. Initially holding ground at 3.79, it has recently broken its short-term downtrend and is undergoing an upward correction. The market has paused near the 4.10 level, precisely aligning with the high of March 23 at 4.09.
It seems the market is consolidating its recent gains. Beyond the 4.10 mark, the immediate target price appears to be a combination of the 55-day moving average, presently at 4.31, and the previous peak in August 2023 at 4.36. Notably, these two levels stand out clearly on the chart, also marking the high from October 2022.
From a technical perspective, breaching 4.10 could lead to an upward movement towards 4.31 to 4.36, serving as the next significant barrier. On the downside, the recent low of 3.79 and the 20-month moving average at 3.80 act as initial support levels. Below this lies a more substantial base of support, not encountered until 3.25.
The forthcoming inflation figures on Friday should be interesting. All eyes are set on these critical levels for the US 10-year yield, hinting at potential market movements ahead.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
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