17 October 2023
Market participants appeared to be taking more positions in risky assets, with safe-haven Gold and Oil prices down, while monitoring the Israeli war in Gaza, which is still heating up, with high death toll, including many women and children, after efforts to arrange a cease-fire stalled.
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16 October 2023
US10YT is stuck between the MA20 Support & MA10 Resistance, in a narrow range of yields: 4.635% - 4.671%. Watch the breakout direction before making a decision. Support follows: lower channel (uptrend) around 4.57%.
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13 October 2023
US10YT finally managed to rebound at Support lower channel (pink), lifting yield back above MA20 (= 4.611% so Support now). The current effort is to break the MA10 Resistance / 4.70% yield for US10YT back towards the previous High level of 4.884% as the nearest TARGET.
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12 October 2023
The release of minutes from the last FOMC meeting in September, which showed caution among policy makers about continuing the upward trend in interest rates, is fueling investor hopes that rates would stay steady, at least at November meeting of the US central bank.
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11 October 2023
ID10YT finally broke the first Support which is MA10 following the drop of US10YT yield, making the yield level of 6.986% as the nearest Resistance now. ADVISE: after the previous series of SELL ON STRENGTH recommendations, we remind you to reduce your position as it is expected that the yield collapse will continue to the next Support which is MA20 around 6.861% yield.
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