We might start to see longer term US bond weakness as the copper
ratio rebounds off the lower extreme of it's descending channel
. In this example I'm using TLT
, an ETF
. These two have an inverse relationship and also correlate with the US dollar
. Long term US bonds and the USD tend to have a positive correlation giving both a bearish
outlook. This is more for analysis than trading and can provide another piece to the USD bear picture. Over the coming months or year we may see USD continue it's bearish
trajectory, keeping it weak against it's major counterparts. My relative analysis says USD is currently weak and stronger currencies to pair against are AUD, CAD and NZD.