The USD is moving higher as yields continue to move higher.
The 10 year yield is trading at the highest level since January 2025
The 2 year is at the highest level since February 2025. Crude oil prices are also an influence with the price moving above $91 for the first time since June 11. 2 year 4.332%, up 3 basis points 5 year 4.443%, up 3.6 basis points 10 year 4.693%, up 3.6 basis points 30 year 5.176%, up 2.9 basis points. In the video above, I take a look at the technicals driving the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – to kickstart the North American session.
What is the bias, the risk and the targets for each. The ECB rate decision is at 8:15 AM with no change expected. At 8:30 AM, the weekly initial jobless claims will be released 212K vs 208K last week.