The bond market is a place where traders can gauge the strength or weakness of a currency. Typically when looking at the US 30YR Government Bonds, if the price of the bonds increases it tells us that traders are willing to invest into the US economy for the long term. This then should show that the USD is likely to increase in price.
If the price of the bonds decrease it tells us that traders are unwilling to invest in the US economy for the long-term and that we should expect the price of the USD to fall.
Currently, the 30YR Bonds are struggling to increase any higher and we could likely see a fall in price back to the highs in May.
This tells us that the USD could fall lower in the coming weeks. Keep an eye out for this correlation and try looking at the past history using the compare tool here on TradingView.
If the price of the bonds decrease it tells us that traders are unwilling to invest in the US economy for the long-term and that we should expect the price of the USD to fall.
Currently, the 30YR Bonds are struggling to increase any higher and we could likely see a fall in price back to the highs in May.
This tells us that the USD could fall lower in the coming weeks. Keep an eye out for this correlation and try looking at the past history using the compare tool here on TradingView.