Israel struck Iran with military action on their nuclear facilities and an ballistic military factories along with military leaders. That sent the US dollar higher. US yields are also marginally higher which is a bit unusual .
Looking at the US yields:
- 2-year yield 3.911%, +0.6 basis point
- 5 year yield 3.962%, +0.4 basis points
- 10 year yield 4.359%, +0.2 basis points
- 30 year yield 4.846%, +0.3 basis points
US stocks are lower to start the US session in premarket trading, but steady as well.
- The NASDAQ is down -1.13%.
- The S&P index is down -0.90% and the
- Dow industrial average is down -1.0%.
Crude oil is up sharply by 7.95% at $73.45. Gold is trading up $37 or 1.1% at $3423.56. Bitcoin is down marginally ($-600) at $105,121
In the video above I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective.The price action will help tell the bias and risk story for traders which helps to lessen the impact from the risk from the geopolitical events
This article was written by Greg Michalowski at www.forexlive.com.
