There aren’t any major expiries to take note of on the day, so trading sentiment will stick to the ebb and flow from yesterday.
The dollar remains in a mixed spot with USD/JPY still caught around its December lows under 150.00. 10-year Treasury yields are now inching lower to test its 100-day moving average of 4.38%. So, that’s a critical one to watch as we navigate through the week.
But not all is bad for the dollar, with EUR/USD staying away from a breakout above 1.0500 for now. The pair caught early bids yesterday but fell back after and is settling below the key level for now.
A more negative risk mood is also keeping things in check, with US stocks ending lower again awaiting Nvidia’s earnings release tomorrow.
At the same time, month-end flows are coming into the picture as well so that might make for a bit of a mess in reading too much into things in the sessions ahead.
In any case, the expiries won’t be a real factor in impacting trading sentiment at least for today.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.
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