It’s a touch-and-go turnaround

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It’s tough to ignore a chart like 10-year yields today. They are now down on the day after rising as much as 14 basis points.

Similar story across the board.

10 year yields

More and more you get the feeling there was forced liquidation at the US ope and now the dip buyers are stepping in. The next 90 minutes until the US equity close will be critical. If stocks can climb all the way back, it will signal a continued turnaround (and a turnaround in the US dollar) but if it fizzles, beware.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

2013-06-24T18:34:30+0000

All|Americas|Market Rumors|Regions

Adam Button

6 Comments

  1. @Adam I appreciate all that you have ben doing and achieved since you took charge of this site. I humbly suggest that this is the time to remove censorship..lol There is no need to continue with moderation ..same SNOWDEN effect ..haha. Seriosu I think many get turn off to notice that comments must be read censored first. Doing that could encourage more participation imo.
    Keep up the good work though!

  2. Hi Clarke, it’s a good idea because almost all the comments (99%) by real people are permitted. The problem is spam. Every hour, we delete a dozen automated spam messages. We’re looking at a way to have registration and that could be the fix.

  3. I think registration could be a solution .. with a nominal fee for all … apart from Clarke of course who needs to pay top dollar to sign up ;)

  4. I also agree, moderation is very slowing the process of discussion .

  5. It would be very healthy if you post your trade ideas, like on the website actionforex.com for example .
    Everybody wants to hear ideas from professionals and then decide if it comes with own ideas.

  6. Mike, I disagree with you since I do come to this brilliant website just to gather information and trade ideas are absolutely pointless since at the end of idea each trader individualy decides what to do with his/her money. Secondly, it discourages thinking and just would create unnecessary comments from haters in case the trades come out to be wrong.

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