Financial Digest

Weekly Forex Forecast \u2013S\u0026P 500 Index, AUD/CHF, 2-Year Treasu

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Check out this Week's Forex Forecast- trading forextrading

that the best trade opportunity for the week – the only one which set up given my conditions - was likely to be long of the US 2-Year Treasury Yield, which closed at a record high above 5% and finally saw its 50-day moving average cross above its 200-day moving average. Unfortunately, the collapse of Silicon Valley Bank saw this yield tank hard, producing a losing long trade.

However, the unemployment rate rose from 3.4% to 3.6%, and average hourly earnings increased by only 0.2% when an increase of 0.3% had been expected. Overall, if not for the fear of bank contagion, this news would probably have been a little bullish for the US Dollar.

 

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