Wednesday, April 25–Jim Wyckoff’s Morning Markets Report
World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Investor risk appetite has waned a bit this week on some disappointing corporate earnings reports and worries about rising interest rates and inflation.
A feature in the marketplace recently has been rising world government bond yields. The U.S. Treasury 10-year note yield on Tuesday moved above 3.0%–the highest level in four years.
The key “outside markets” on Wednesday morning see the U.S. dollar index trading firmer. A look at several currency-pair charts reveals near-term strong-trending, and even “breakout” price moves that have occurred over the past couple weeks.