Morning BriefingThe US Treasury yields sustain higher and remain bullish to rise further from here to test their key resistances. Thereafter they can reverse lower again. The US Federal Reserve meeting outcome on Wednesday will be an important event to watch. The German yields continue to move up. Our bullish view is intact, and more rise is on the cards. The 10Yr and 5Yr have moved up above their intermediate resistances. An extended rise is possible in the coming days before the broader downtrend resumes.
Our March '24 Monthly Dollar-Rupee Forecast is now available. To order a PAID copy, please click here and take a trial of our service.
WHAT'S NEW?
Mar '24 EURUSD Report
Euro has moved up from 1.0695 to 1.10 during the current Jan-Mar'24 quarter. With crucial resistance at 1.10, will Euro manage to rise past 1.10 and move higher? Or will it fall back into the 1.0695-1.10 range? ...Read More
WHAT'S NEW?
Mar'24 Crude Oil Report
Low volatility is witnessed across commodities like Copper, Aluminium, Coal and Natural Gas which continue to trade within narrow ranges for the past few months and show no sign of breakout or directional clarity for the future. Crude has also been stuck in a range. But how long can it remain ranged? Thereafter which way can it breakout? ... Read More
WHAT'S NEW?
Mar '24 US Treasury Report
In our last report (26-Jan-24, US10Yr @ 4.14%), we had suggested that the rise in Yields since 2020 could be like the one seen in 1967-1972, with more upside possible in the long term going into 2025. Since then, Yields have actually moved up further in line with the near term expectations .... Read More