#Bond #yield has been moving well lately, but today. SO FAR, they're rolling over, and some hurting more than others.
We've mentioned that steam has been running out for some time. Look @ the RSI negative divergence on almost all of the #yields
6M weakening.
1Yr RSI CRATERING.
2YR hurting & RSI DECIMATED It is at major support.
TVC:TNX is the lone wolf. Must...
GBPJPY is preparing for a very good sell position and I am entering within the specified range
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What...
Since my last video, CAD/JPY, has pushed above ¥100.00 on the exchange rate.
We now have the Bank of Canada talking about the possibility of 0.75% rate hikes, as inflation hit 6.70% this week, far above economists forecast for a rise to 6.10%.
The Bank of Japan maintains its stance to use yield curve control to keep interest rates low, sighting low inflation...
Following the bullish pattern that I was detailing yesterday, Bullish Engulfing Candle going for the Higher High.
Target Symmetrical Triangle $98.
Will keep you updated.
NFA.
The dollar loonie pair has hit resistance consistently at 1.34 which was breached earlier today. The pair appears to have maintained upward momentum and is now testing 1.342. Can the dollar's strength continue? Watch out for BOC interest rates at 4AM GMT tomorrow!
We are still in a pullback area in the SPX , and we are very close to lows . That prompted me to investigate what are people doing , are people long or bearish the SPX. With further investigation, This ratio shows that a sector rotation out of Staples into energy is not underway , far from it. I hence think that the lows in the SPX are going to hold.
Looking at a recovery over the next year or so. Oil recovering and breaking out over 55. Higher interest rates will dampen the response from debt-laden shale producers. Saudi's consolidation of power should add more stability to their production. TVC:USOIL
Currently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair.
Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger.
However, the France is currently on crosshead...
AUDUSD has been in a massive bear market for over almost 4 years, the FED has been kicking the interest rate can down the road and has got quite tiresome to say the least, USD on the DXY look very bearish now.
We are looking at this as follows:
Pullback to value, get long on good technical signal.
Here is my view,
So, predicted rate hike is 0.25 basis points more. i really don't think fed will hike more than 0.05 -0.10 basis points. so overall i think it would create negative impact on dollar as it wont come out expected. plus s&p broke monthly channel so overall i am negative for dollar and positive for bullions.
all the best everyone stay safe.
The Notes trigger short for us. We are keeping stops a little tight as rumors spread about the FED. Regardless of any rumors we will manage the trade like all others.
