USD Dominates: EUR/USD and GBP/USD Plummet as Yields Soar – A Technical Analysis Report

Description:

The USD is moving higher. Higher yields are helping with the tenure now up 10 basis points at 4.543%. The two-year is up 9.7 basis points at 4.913%EURUSD: The EURUSD is trading to new session lows and in the process moving away from its 50% midpoint 1.08613. I outlined this level in the morning kickstart video (click here). Sellers successfully leaned against that midpoint level and in the last few minutes have pushed the price to new session lows. The current price is trading at 1.08345. On the…

USD Dominates: Impact on me

The USD dominating the market can have a direct impact on individuals who engage in foreign exchange trading, as it may affect the value of other currencies such as the Euro and the British Pound. This can result in changes in the purchasing power of consumers and businesses, potentially influencing prices of imported goods and services.

USD Dominates: Impact on the world

The dominance of the USD in the global market can have widespread implications for international trade and economic relations. Changes in currency values can impact trade balances, investments, and overall economic stability of countries around the world. As the USD strengthens, it may affect the competitiveness of other economies and lead to shifts in global financial markets.

Conclusion:

In conclusion, the USD’s dominance in the market, as highlighted by the plummeting of EUR/USD and GBP/USD as yields soar, can have far-reaching effects both on individuals participating in foreign exchange trading and on the global economy. It is important to closely monitor these developments and consider their implications on a broader scale.