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Extending a recent down trend, treasuries relocated to the drawback throughout the trading session on Monday.

Bond rates moved lower early in the session and remained stuck in unfavorable area throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves reverse of its rate, rose by 2.2 basis points to 2.973 percent.

With the boost on the day, the ten-year yield closed higher for the 4th consecutive session, reaching its greatest closing level in over four years.

The continued weakness among treasuries came as traders anticipate increasing inflation to lead the Federal Reserve to raise interest rates.

On the U.S. financial front, the National Association of Realtors released a report revealing a larger than anticipated boost in existing house sales in the month of March.

NAR stated existing home sales climbed by 1.1 percent to a yearly rate of 5.60 million in March after surging up by 3.0 percent to a rate of 5.54 million in February. Financial experts had anticipated existing house sales to edge up by 0.2 percent.

Existing house sales rose for the second consecutive month however are still down by 1.2 percent compared to the very same month a year ago.

“Robust gains last month in the Northeast and Midwest – a turnaround from the weather-impacted declines seen in February – assisted general sales activity rise to its greatest rate given that last November at 5.72 million,” said NAR chief economic expert Lawrence Yun.

He included, “The unwelcoming news is that while the healthy economy is generating sustained interest in buying a house this spring, sales are delayed year ago levels since supply is woefully low and house rates keep climbing above exactly what some prospective purchasers can pay for.”

Trading on Tuesday might be affected by response to reports on house prices, consumer self-confidence and brand-new house sales.

Bond traders are likewise likely to watch on the outcomes the Treasury Department’s auction of $32 billion worth of two-year notes.

The product has actually been supplied by InstaForex Company – www.instaforex.com

The United States and Colombia formed a joint working group targeted at broadening investigations on Venezuelan authorities suspected of corruption through business established in other countries.

The Colombian Minister of Financing and Public Credit, Mauricio Cardenas, announced that the group should be led by the Financial Information and Analysis System of Colombia (UIAF) and the United States Treasury Department.

The choice was made throughout at the sidelines of the spring conferences of the International Monetary Fund and the World Bank.

“We will continue to pursue the resources that corruption is taking from Venezuelan people,” stated Finance Minister Mauricio C?rdenas, who included that “the strategy has the assistance of other monetary intelligence systems in the area.”

The product has actually been offered by InstaForex Business – www.instaforex.com

Our first upside target which we predicted in previous analysis has been hit. USD/CHF is still trading on the upside. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index lacks downward momentum. The downside potential should be limited by the key support at 0.9725. Therefore, as long as this key level is not broken, look for a new challenge with targets at 0.9795 and 0.9820 in extension.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: BUY, stop loss at 0.9725, take profit at 0.9795.

Resistance levels: 0.9795, 0.9820, and 0.9855

Support levels: 0.9695, 0.9665, and 0.9630.

The material has been provided by InstaForex Company – www.instaforex.com

GBP/JPY is expected to trade with a bearish outlook. Despite the recent rebound from 150.60, the pair is still capped by a declining 50-day moving average. The upside potential should be limited by the key resistance at 151.70. Even though a continuation of a technical rebound cannot be ruled out, its extent should be limited. Therefore, as long as 151.70 is not surpassed, look for another drop with targets at 150.60 and 150.00 in extension.

Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 152.15, 152.50, and 153.05

Support levels: 150.60, 150.00, and 149.50.

The material has been provided by InstaForex Company – www.instaforex.com

All our targets which we predicted in yesterday’s analysis have been hit, NZD/USD is still under pressure and expected to continue its downside movement. The pair is holding on the downside and is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index below its neutrality level at 50. Hence, as long as 0.7195 is not surpassed, look for a drop with targets at 0.7120 and 0.7100 in extension.

Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7210, 0.7230, and 0.7275

Support levels: 0.7120, 0.7100, and 0.7060.

The material has been provided by InstaForex Company – www.instaforex.com

Overview

Gold is trading downwards steeply to attack 1,331.00 level and is moving below it now. This opens the way to continue the bearish bias for the rest of the day, activating the bearish scenario on the intraday basis. 1,316.48 is most likely to be tested. Therefore, the bearish trend remains valid for the upcoming sessions unless the price manages to breach 1,335.40 level and holds above it again. The expected trading range for today is between 1,320.00 support and 1,350.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Overview

Silver is still trading quietly with a downward bias on its way to test 16.56 level. As long as the price is holding above this level, our bullish overview remains valid, supported by the EMA50. Please note that breaching 17.43 is required to push the price towards 18.30 that represents our next main target. The expected trading range for today is between 16.80 support and 17.43 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

The material has been provided by InstaForex Company – www.instaforex.com

EUR/AUD reversed well off its resistance at 1.6032(61.8 %Fibonacci retracement, 100% Fibonacci extension)where we anticipate to see a further drop to its assistance at 1.5960 (61.8%Fibonacci extension, 38.2 %Fibonacci retracement, horizontal pullback assistance ). We do have to beware of the intermediate assistance at 1.5986 (23.6% Fibonacci retracement, horizontal overlap assistance).

Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.Sell listed below 1.6032. Stop loss 1.6068. Take earnings at 1.5960. The product has actually been provided by InstaForex Business – www.instaforex.com

GBP/USD is approaching evaluating its support area at 1.3991(61.8%Fibonacci extension, 61.8%Fibonacci retracement, horizontal overlap assistance )where we anticipate to see a bounce, pushing the cost up all the method to its resistance at 1.4182(50 %Fibonacci retracement, horizontal overlap resistance). We do need to beware of the intermediate resistance at 1.4082 (23.6% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) is evaluating its support at 3.11% where we anticipate to see a matching bounce.

Purchase above 1.3991. Stop loss at 1.3925. Take revenue at 1.4182.

The material has been offered by InstaForex Business – www.instaforex.com