Stay 
Trading Conditions
Products
Tools
EUR/USD
Yesterday, the main topic of discussion in business media was the inversion of the yield on US bonds - the yield on 10-year securities fell below the yield on 2-year bonds: 1.593% and 1.585%, respectively. Traditionally, such an inversion is considered a sign of a recession, but we doubt this interpretation precisely in the current conditions, since the United States places large amounts of debt after the recent lifting of the limit on its limit, which caused a surge in activity in the long-term securities sector. At the same time, investors are laying down the rate cut in the medium and long term. However, now you can talk about the crisis for any reason - the world economy continues to fall, a number of countries, even Great Britain, are close to a recession. Eurozone Industrial Production Report for June showed a fall of -1.6% against the forecast of -1.4%. The euro fell 30 points.
On the daily chart, the price went below the Fibonacci level of 110.0%, now the target opens at the level of 123.6% at the price of 1.1074. The Marlin oscillator is in the decreasing trend zone.
The price has consolidated below the balance and MACD indicator lines on the four-hour chart. The Marlin oscillator is also developing in the negative trend zone. We are waiting for the price of 1.1074.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
