US-10-Year-Yields are currently re-testing a strong resistance, which is bad for equities but supportive for the US-Dollar.
Technically we see that YIELDS and DXY (US-DOLLAR-INDEX) are both at strong supply-levels while equities are at strong demand-zones👉
These are curcial moments as either rejection or violations of these levels could cause trend-continuations or reversals today. I`m observing these two charts carefully and wait for confirmations.
If YIELDS drop US-DOLLAR is more likely to fall aswell in order to complete the previous S/H/S-Pattern. The Target-Zone for it is at 91,200.
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First of all, Stimulus was already sure and so probably priced in. The problem is that more stimulus could increase the inflation-worries = Higher yields as compensation in the money-market = Supportive for USD.
So a stimulus could actually boost the US-Dollar as equities would fall due to good alternatives in the bond-market.
TRADiNG_hub
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