EUR/JPY could extend rally as German-Japan yield spread widens
EUR/JPY tracking German-Japan yield spread
Month: March 2021
USD/CAD bottoming out?
Thanks to the rising US bond yields, a number of major FX pairs have recently reversed their trends. The USD/CAD has so far resisted the US dollar’s pressure because of rising oil prices (Canada’s major export commodity). But if the US dollar continues to rise against other currencies, the downtrend for the USD/CAD will likely …
DAX prints reversal signal
On Wednesday US tech stocks sold off, as a surge in bond yields weighed on sentiment. Investors dumped stocks with stretched valuations. The weakness has continued into Europe today and judging by the price action on the major indices, we could be heading towards some volatile times. Among the major indices, the German DAX has …