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EUR/USD Rally Pushes RSI Into Overbought Zone for Third Time in 2020
EUR/USD RATE TALKING POINTS
EUR/USD extends the series of higher highs and lows from earlier this week to take out the January high (1.1495), with the appreciation in the exchange rate pushing the Relative Strength Index (RSI) into overbought territory for the third time in 2020.
EUR/USD RALLY PUSHE
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US inflation-adjusted bond yields wave red flag on economy
The US inflation-linked yields slide, indicating an uncertain economic outlook.
The 10-year real yield has been on a declining trend since early June.
The US 10-year real or inflation-adjusted bond yield has declined for the past six weeks and now hovers near -0.85%, according to Bloomberg.
The
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The Weekly Wrap – Economic Data and COVID-19 News Drives the Markets
The Stats
It was a particularly busy week on the economic calendar, in the week ending 17th July.
A total of just 74 stats were monitored, following the 30 stats from the week prior.
Of the 74 stats, 44 came in ahead forecasts, with 18 economic indicators coming up short of forecast. 12 stats were i
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Steady Start Anticipated For Hong Kong Stock Market
The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had gathered more than 230 points or 0.9 percent. The Hang Seng Index now rests just beneath the 25,090-point plateau and it's pr
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