US Bonds Surge as Non-Farms Raises Prospect of Tapering
With Non-Farms data causing volatility as the markets decide whether good US data is bullish or bearish, Michael Hewson’s technical trading video discusses the main moves in US and UK government bonds.
- US Bonds – 10 year bonds trading above 200WMA for first time since 2007
- UK Gilts – Almost unchanged despite Carney’s forward guidance as US drags global bonds higher
- EUR/USD – Euro holding up well despite widening spread between US and German bond yields
The technical analysis also looks at a range of other popular markets including GBP/USD, USD/JPY, EUR/GBP, AUD/USD, crude oil, gold and copper.
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Video content by Michael Hewson of CMC Markets
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