US10Y Daily Bias UST 10y Aug 1Overnight
On Thursday, the US 10-year Treasury yield declined to 4.36% as investors grappled with mixed economic signals from inflation and growth data. The core PCE, the Federal Reserve’s preferred inflation measure, increased by 0.3% in June and 2.8% year-on-year, indicating persistent inflationary pressures, while consumer spending showed minimal growth, suggesting economic strain. Investors are now focused on the upcoming July jobs report for further insight into the Federal Reserve’s next moves. Meanwhile, President Trump intensified criticism of Fed Chair Jerome Powell for not lowering interest rates and escalated trade tensions by announcing 15% tariffs on South Korean imports and 25% on Indian imports, with potential for further actions. Treasury Secretary Scott Bessent plans to meet with Trump to discuss extending the China tariff truce, aiming for a possible agreement.
Economic Release Aug 1 myfxbook.com/forex-economic-calendar
Daily Bias
Volatility is not yet over with Payroll numbers and Unemployment rate due later today. I will abstain from giving bias as volatility could hit both sides of the range with this economic releases. Key levels to watch are Prev Day High 4.38%, Daily Old High 4.42 & 4.44%, Prev Week Low 4.33% and Daily Old Swing Low 4.316% tradingview.com/x/CSX0o3xJ/
**Disclaimer:**
The technical analyses provided herein are based solely on my personal analysis and are intended for my own study and reference. They do not constitute a recommendation or solicitation to buy or sell any financial instruments. Any decision made by individuals based on this analysis is their own responsibility, and I assume no liability for any losses or damages incurred as a result of using this information. It is advisable to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
