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ISM-Inspired Treasury Gains Went Hand-in-hand With Profit Taking on USD Long

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Markets It’s been a rollercoaster ride for US Treasuries so far this week. (Easter) Monday’s consensus-beating, growth-signaling, manufacturing ISM triggered a fierce sell-off. The move continued on Tuesday with rallying oil prices (Brent $90/b; see news & views) continuously adding pressure. Technical support levels (YTD sell-off low) avoided even steeper losses on Tuesday together with […]

The post ISM-Inspired Treasury Gains Went Hand-in-hand With Profit Taking on USD Long appeared first on Action Forex.

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