$TNX is approaching historical resistance... expecting trend resumiption once local top is in...
News this coming week will impact Markets in a broad fashion. ZN can see a larger RT to overhead POs as can ZB (30Yr) should The FED engage in larger YCC interventions, and I believe they will intervene heavily. Macro Data Ahead: MONDAY, MAY 16 8:30 am Empire state manufacturing index May TUESDAY, MAY 17 8:30 am Retail sales April -- 0.8% 8:30...
Another rejection of this zone is needed to reverse the consolidation in the NAS. If this breaks watching for a back-test and the potential of a pressure valve to the upside for rates.
In this video, I break down how the U.S Dollar has been strengthening against the EUR. JPY & CHF since the start of 2021 as U.S Bond Yields have been rising due to inflation expectations. This is extremely important to understand when trading currency markets. I breakdown this historical relationship using excel spreadsheet examples and live chart analysis. Enjoy
above gap must fill soon or late 1st target=ema200 dayli 2st target=fibo 61% 3st=gap close price stand on buy side = looking for buy on deep,buystop on last high ,,, dont pick sell signals
Watch this zone strong support. High probability for a pullback. Get ready to Buy ! If the support is broken, Sell !