The US yields have moved higher with the 10 year up 5.7 basis points at 4.494%. The two year is up five point basis points or 4.266%.
Dow is down -0.12%S&P is down -0.19%NASDAQ index down -0.48%.
The USD is struggling with direction with the news today:
EURUSD: -employment high reached 1.0411, while the low touched 1.0348. Positioned between these levels, the 100-hour moving average (1.0365) and 200-hour moving average (1.03758) serve as key technical markers. Following the Michigan data release, the price dipped to 1.0374, testing the 200-hour MA, before rebounding modestly to 1.0384. These moving averages remain pivotal in determining the next directional bias—above them favors bulls, while below signals further downside risk.USDJPY: Despite stronger jobs data and higher inflation from the University of Michigan report (and higher yields), USDJPY remains below its key 100- and 200-day moving averages (152.60–152.73). Currently trading at 151.44, the pair hit a fresh low of 150.952, its lowest since December 10, before quickly rebounding. A modest support zone between 151.19 and 151.34 is attempting to hold, keeping the pair in a cautious consolidation phase. This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about nasdaq index turns lower on the day after university of michigan was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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