Cup and Handle of EURUSD
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The bond market became tense when the 10-year US Treasury bond yield unexpectedly rose to nearly 5.0%. This rise in borrowing costs globally is testing equity valuations.
Over the weekend, Washington warned of significant risks to US interests in the Middle East, as ally Israel stepped up its attacks on Gaza and the border conflict with Lebanon escalated.
This week also sees policy meetings from the European Central Bank and the Bank of Canada. While no price hike is expected, investors will be closely watching for any signs of a future change.
Over the weekend, Washington warned of significant risks to US interests in the Middle East, as ally Israel stepped up its attacks on Gaza and the border conflict with Lebanon escalated.
This week also sees policy meetings from the European Central Bank and the Bank of Canada. While no price hike is expected, investors will be closely watching for any signs of a future change.
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▫️ Birol, Director of the International Energy Agency: Production cuts by Russia and Saudi Arabia and China's economic recovery have fueled strong growth in oil demand.
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