XAUUSD ShortGold into heavy resistance here. Indices are making new highs so risk on trade coupled with overbought conditions on gold will drive this quote down. A break below $1724 support and we see $1700
TNX
US 10 YR Bond yields heading higherRecently broke through 2.4% resistance. May test 2.6% if the FED takes a hawkish tone in December. Interesting times ahead for the Bond market. The rising yield has impact on the emerging markets as well.
DXY TNX spreadThe USD would ususally move according to the USD strength i.e. DXY.
Lately, it hasn't been the case.
There could be multiple theories around it..from fundamental to political to technical.
I am wondering what gives!
One plausible explanation is may be the Fed policy has gone beyond what's needed. But then again, it's pretty much set in stone now!
Is it a coincidence that this is happening around G20 and North Korea missile launch?
Or may be Fed has something to do with it? But then again..Fed is never really out of the news. They are taking backseat most in last 10 years though. And it's good.
So what gives? Is it Trump? He alienated Yellen and now she has made sure that the policy won't change even if she is removed.
That fiscal stimulus better be coming soon.
