Trump follows up:
Meanwhile, as the posts on Truth Social stream out, the US stocks are opening higher with the:
- Dow industrial average up 0.49%
- S&P index is up 0.31%
- NASDAQ index is up 0.17%
US yields of also started to move to the upside as the idea that inflation is not going to be going lower:
- 2-year yield 3.854%, +2.4 basis points
- 10 year yield 4.375%, +4.0 basis points
- 30 year yield 4.943%, +4.0 basis points
The EURUSD is trading to new lows (higher US dollar) and that below the high price from Monday’s trade at 1.1716. And the 61.8% retracement of the July trading range at 1.17252.
USDJPY is trading near unchanged in what is shaping up as a up-down-and-up trading day.
This article was written by Greg Michalowski at investinglive.com.