Hello dear traders.
Gold has given mixed signals. In my opinion it is still under bearish pressure but with lack of strong downtrend momentum right now.
10Y and 30Y yields and DXY are green, so this has already pushed prices down fomr the multiple times checked 1670 level. 1670 was great for 50 pips sell.
On the other hand there is the 4H ascending trendline...
US10Y could be in at its peak in current wave cycle to stary a ABC correction.
RSI on daily is also showing divergence indicating topping out sign. The correction in US10 will be good for equities.
View will be invalid if the high 4.123 is broken and wave 5 might get extended.
User discretion!
Charts show breakout of rounding bottom formation on Weekly/Monthly charts of US 10year yields. Already got monthly closing above the breakout line.
If sustains above the breakout line minimum target for 10y yield will be around 5.5/6.5 pc. If so, there will bloodbath across all asset classes. Only below 3.4/3.3 negates the idea.
Brace! Brace! Brace! If true,...
US10Y-TVC:US02Y
Economists: Recession incoming!
World Leaders: Recession is out of the books.
Whom to believe? Here is my analysis from a technical standpoint👇
As someone who believes in data driven decision making, the technicals point towards a recession. How so?
When the difference between the 10 year bond yield and 2 year bond yield becomes negative,...
TLT is a fund that reflects the price of bonds with a maturity of 20 years. It reflects the price of the bonds but not the yield which is inversely proportional to the price. When the interest rate increases the price decreases while when the interest rate decreases the price increases in value.
It is a highly protective asset that helps diversify portfolio...
Its been quite a volatile last few days - too may GAP UP / GAP DOWN , decisive bars but still no clarity on direction. Let us look at global markets to understand this in a better way
Dollar Index on important levels - can breakout or breakdown - chances of breakout quite high
US treasure bonds rising again - Though personally, I feel last time it was...
With the fears of reflation propelling global Treasury yields and the US dollar, gold remains depressed near the three-month-old horizontal support. With the bond rout less likely to fade soon, coupled with the US dollar’s expected run-up on recently welcome fundamentals, gold is up for extra south-run. However, a clear downside break of $1,760 becomes necessary...
Monthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. This chart is the US 10-Year Note Futures making its highest monthly close, ever. New...
