Thursday's bond yield break out was joined by broad and intense rallies in indices after jobs reports in the US and Canada showed an unexpected advance in net employment in May. US 10-year yield jumps 43% for the week, its biggest rise on record and double the previous record rise seen in March. DOW30 shot-up more than 3% to break further away from its 200-DMA, while Nasdaq pushed to new highs, stopping us out. The US dollar extended its longest losing streak in three years and EURUSD extended its biggest divergence from the 200-DMA in over 3 months.
The new wave of buying intensified in Friday's Asia session on a combination of the ECB's decision to add a higher than expected €600 billion in stimulus, oil extending rally near $40 and news of zero increase in NY Corona cases for the first time since March. Let's look at some trading questions below.