{"id":1122,"date":"2018-12-04T04:53:11","date_gmt":"2018-12-04T04:53:11","guid":{"rendered":"https:\/\/forexvarsity.com\/welcome\/?p=1122"},"modified":"2018-12-04T04:53:11","modified_gmt":"2018-12-04T04:53:11","slug":"uro-may-pick-up-a-strong-bid-on-sliding-treasury-yields-and-rising-yuan","status":"publish","type":"post","link":"https:\/\/forexvarsity.com\/welcome\/uro-may-pick-up-a-strong-bid-on-sliding-treasury-yields-and-rising-yuan\/","title":{"rendered":"uro may pick up a strong bid on sliding treasury yields and rising yuan"},"content":{"rendered":"<p>The EUR\/USD could challenge a<span>\u00a0<\/span><a href=\"https:\/\/www.fxstreet.com\/news\/eur-usd-technical-analysis-11402-is-the-level-to-beat-for-the-bulls-201812030326\">key resistance<\/a><span>\u00a0<\/span>at 1.1402 today, tracking the<span>\u00a0<\/span><a href=\"https:\/\/www.fxstreet.com\/news\/us-10-year-treasury-yield-drops-below-200-day-ma-for-the-first-time-since-november-2017-201812040150\">slide<\/a><span>\u00a0<\/span>in the 10-year treasury yield and the rise in the Chinese yuan \u2013 an anchor for global markets.<\/p>\n<p>The common currency scored marginal gains in Asia as the benchmark US Treasury yield fell below the 200-day moving average (MA) of 2.96 percent \u2013 its first drop below the long-term average since November 2017.<\/p>\n<p>Notably, the 10-year treasury yield risks falling further as indicated by the<span>\u00a0<\/span><a href=\"https:\/\/www.fxstreet.com\/analysis\/usd-jpy-forecast-downside-exposed-as-10-year-treasury-yield-hits-13-month-low-201812040135\">double top breakdown<\/a>, confirmed last week.<\/p>\n<p>Further, Chinese yuan (CNY) fell to 6.8357 in Asia \u2013 the lowest level since Sept. 21 \u2013 and could<span>\u00a0<\/span><a href=\"https:\/\/www.fxstreet.com\/news\/usd-cny-options-are-pricing-cny-rally-for-the-first-time-since-aug-24-201812040315\">slide further<\/a><span>\u00a0<\/span>to<span>\u00a0<\/span><a href=\"https:\/\/www.fxstreet.com\/analysis\/usd-cnh-forecast-deeper-drop-to-680-likely-as-bearish-signs-buildup-201812030612\">6.80<\/a>. The common currency has been closely following the action in the Chinese yuan off late.<\/p>\n<p>As a result, the bullish move in the EUR\/USD could gather pace in Europe, all the more so, as the Italy-German 10-year bond yield spread continues to fall, signaling easing concerns about Italy&#8217;s fiscal issues.<\/p>\n<p>The spread fell to 283 basis points yesterday, the lowest since Oct. 3 and could slide further, having suffered a double top breakdown on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD could challenge a\u00a0key resistance\u00a0at 1.1402 today, tracking the\u00a0slide\u00a0in the 10-year treasury yield and the rise in the Chinese yuan \u2013 an anchor for global markets. The common currency scored marginal gains in Asia as the benchmark US Treasury yield fell below the 200-day moving average (MA) of 2.96<a class=\"moretag\" href=\"https:\/\/forexvarsity.com\/welcome\/uro-may-pick-up-a-strong-bid-on-sliding-treasury-yields-and-rising-yuan\/\"> Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-1122","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1122"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1122\/revisions"}],"predecessor-version":[{"id":1123,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1122\/revisions\/1123"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}