03 Marzo 2021, GBP/USD
GBPUSD trading plan:
Bonds have caused volatility in the market as of late, after Treasuries led a dramatic jump in yields globally during the previous week. The volatility came even as central bankers, led by the U.S. Federal Reserve, called for patience in normalizing monetary policy as global economies continue their recovery from COVID-19. The situation has stabilized now. Benchmark U.S. government bond yields dipped again for the third consecutive day as investors paused a recent sell-off ahead of a slew of U.S. economic data that will be released later this week. The yield on 10-year Treasury notes stood at 1.407%, down from last week's high of 1.61%. This is a negative signal for the dollar!
Investment idea: buy 1.3925 and take profit 1.3990.
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