Following yesterday’s Columbus Day holiday in the US, which saw US Treasury markets closed for trading, the trend is back on today. 10-Year yields are hovering near 7-year highs around the 3.25% mark. The yield moves opposite the price which means that US bonds are getting punished by traders. A few weeks ago, a growing number of analysts called for a sustained move in 10-Year Treasuries above 3.00% as the start-of-the-end for the global bull market in equities which was sponsored by global central banks through quantitative easing.

The most profitable forex traders understand that financial markets are connected and that in order to maximize profits it is important to look at all aspects. Many forex traders, especially new ones, only scan their MT4 forex charts in order to find a profitable trade. This often only gives them a part of the bigger picture which in many cases results in losses and unexplained price action moves.