Hello traders!
Today we will talk about 10Y US Notes and its negative correlation with USDJPY.
10Y US Treasury yields keeps pointing lower, as we see a bearish triangle formation within wave 4 correction that can send the price even lower for wave 5. If that's the case, then respecting correlations, USDJPY can see more gains for wave 5, as we also see a bullish...
Market Correlations and Yields
The Canadian dollar is highly sensitive/correlated to oil and natural gas prices, as Canada is a big producer of both. Hence its economy is influenced by fluctuations in their prices. Higher oil and natural gas prices usually help the Canadian dollar and push the USDCAD lower.
I have plotted the natural gas, oil and Canada/U.S...
Bought RVNC
Revance is a biotechnology company focused on innovative aesthetic and therapeutic offerings, as well as financial technology services for aesthetic practices.
hey tradomaniacs,
technically we see a nice fakeout above trendline and so a good trap for buyers.
Absoprtion took place and its more likely to see a falling pound vs the australian dollar during a risk-on-sentiment in stocks.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Hi followers, bullish flag on S&P500 is good for Bitcoin
The US stock market and Bitcoin are moving in correlations most of the time.
Right now we see very bullish formation on the S&P500, bullish daily flag, which suggests higher highs. Meanwhile Bitcoin is rallying and showing strength, those behaviors considered positive for the short-medium term.
Don't...
Following the 2008 Financial Crisis, the Federal Reserve had to apply loose monetary policy measures in order to stabilize and stimulate the economy. The Fed started lowering the Federal Funds Rate back in late 2007, as a response to the rising unemployment at the time. This is the most traditional monetary policy measure, which aims to stimulate both businesses...
Hey tradomaniacs,
with the retest of the previous breakout we could see another impulse upwards as UR YIELDS are currently falling, which is basically good for JPY.
Interesting to watch would be AUD/JPY, NZD/JPY, EUR/JPY aswell as GBP/JPY since all these curencies against the major USD were very weak today as expected.
JPY-Strenght could cause JPY-PAIRS to...
New iteration of fed balance,gold,dxy correlations -for clarity added fed total balance as line to the chart,candles for dxy and gold, text info on the chart. Currently gold vs dxy looks still very very 2013 - but even if it's 2013 - this can take time to resolve completly.
s3.tradingview.com if we go further in time with gold...
Looks like NZD is not really able to follow the risk-on-mood of stocks!
With this rejection, eventually a nice upcoming momentum downwards!
Watch this level carefully and wait for more bearish confluence! :-)
By looking at the daily chart, we can see the strong bullish rally that has occurred in the last 12 months taking the price from the March 18th lows of 2020 around $14 to the $63 all-time highs in the beginning of April, 2021. This represented an astonishing 350% gain for the stock in a year. However, the road to the above-mentioned all-time highs was not easy as...
Hey tradomaniacs,
welcome to another trading-setup!
USD/CAD: Daytrade-Execution
Notice: Aggressive management as we trade with tight Stop-Loss.
Market-Sell-Order: 1.22745
Stop-Loss: 1,22880
Point of Risk-Reduction: 1,22570
Take-Profit: 1,22310
Stop-Loss: 15
Risk: 0,5% -1%
Risk-Reward: 3.0
LEAVE A LIKE AND A...
Exploring the correlations between CA, US markets and safe havens (TLT, GLD).
The Macro Axis website also has very interesting correlations tables & tools.
I've been noticing an interesting trend recently. If you put ETH and BTC on the same chart, Ethereum seems to be outperforming BTC, especially recently. Will ETH, at the very least, gain its independence from BTC? OR... like an overcontrolling, helicopter mom, will BTC take back the reigns from her unruly stepchild. Let me know in the comments what you think....
Like evil Skeletor... BTC has its crypto MINIONS, binance, cardano, polkadot, ripple, uniswap, theta, and litecoin..... When there is stress in the crypto market, there is an incredible amount of correlation in the charts!! REMEMBER THIS, you have to look at the flagship, to see what colors the rest of the armada will wave. LOOK AT THE LIGHT GREEN BOX!.
You...
Hey tradomaniacs,
welcome to another free trading-setup.
NZD/CHF: Swingtrade-Execution
Notice: Risky ahead FOMC-meetings tomorrow as market is really choppy! Rather stay out if you don`t like trading with a higher risk.
Market-Buy-Order: 0.65870
Stop-Loss: 0.65475
Point of Risk-Reduction: 0.66245
Take-Profit: 0.67100
Stop-Loss: 40 pips
Risk: 0,5%...
Hey tradomaniacs,
welcome to another free trading-setup.
GBP/JPY: Daytrade-Preparation
Market-Buy: 149.760
Stop-Loss: 149.195
Point of Risk-Reduction: 150.260
Take-Profit: 151.280
Stop-Loss: 55 pips
Risk: 0,5% -1%
Risk-Reward: 2,80
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and...
If you remove the first two hours of trading on Coinbase, the performance of the share price looks a lot like the performance of Bitcoin.
It is never going to be 1-for-1 and nor should it, but there is a visible pattern there.
Will there be a spread/arb/reversion trade there? Maybe one day, but a reasonable correlation will allow those that can only invest in...
