US 10-Year Treasury Yield Bullish Engulfing in Focus Before Fed
The US 10-year Treasury yield left behind a Bullish Engulfing candlestick pattern on the daily chart this Friday.
This is as the bond tested a rising range of support from August.
A turn higher from here could open the door to revisiting the October high of 4.33.
Otherwise, breaking lower exposes the 50-day Simple Moving Average, which could reinstate the upside focus.
All eyes next week turn to the Fed, which is expected to deliver a 75-basis point rate hike. The focus will rather be on their language going forward as markets increasingly expect moderation.
US10Y
This is as the bond tested a rising range of support from August.
A turn higher from here could open the door to revisiting the October high of 4.33.
Otherwise, breaking lower exposes the 50-day Simple Moving Average, which could reinstate the upside focus.
All eyes next week turn to the Fed, which is expected to deliver a 75-basis point rate hike. The focus will rather be on their language going forward as markets increasingly expect moderation.
US10Y
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.
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.