The Federal Reserve's hawkish stance has led to a significant rise in US Treasury yields, reaching levels not seen in several years. This has, in turn, bolstered the US Dollar while putting pressure on US stock markets.
Later this week, investors will closely monitor the release of US core PCE data, seeking additional insights into the country's inflation trends.
In the short term, with the recent breakthrough above levels last observed in 2008, our primary focus remains on the upside, particularly towards the psychologically significant 5.00 mark and the 2006 peak at 5.25.
Looking further ahead, we've used the width of the downward channel as a basis for measuring potential future gains. This analysis points to a longer-term target approaching 6.00."
Later this week, investors will closely monitor the release of US core PCE data, seeking additional insights into the country's inflation trends.
In the short term, with the recent breakthrough above levels last observed in 2008, our primary focus remains on the upside, particularly towards the psychologically significant 5.00 mark and the 2006 peak at 5.25.
Looking further ahead, we've used the width of the downward channel as a basis for measuring potential future gains. This analysis points to a longer-term target approaching 6.00."
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.