Overstretched. | MarketTalk: What’s up today? | Swissquote
The US bonds extended their rally as one of the Federal Reserve’s (Fed) most hawkish members, Christopher Waller, said in a speech named ‘Something appears to be giving’ that he is ‘increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%’.
The US yields tumbled, gold rallied past the $2050 level, the EURUSD traded above the 1.10 psychological level, Cable surpasssed 1.27, and the USDJPY tipped a toe below the 147 level and below its 100-DMA.
Note that we have a few technical levels across currencies and commodities that are being tested...