A timely update to the 10yr US Bond Yields chart as we enter into NFP territory. I am still expecting to see further upside with a strong bid in 1H20. Targeting the 38.2% retracement which coincides with the cluster of macro stops makes sense.
We come up against the last case in variation for the move, erroneously described as a surrender. To put simply...
As we enter into the final Q, a good time to update the US10Y chart. Those following the previous updates are well aware that we have been tracking the entire leg down:
We got the zigzag at the lows as widely anticipated and with the technicals are starting to point higher I look for any signs of a base forming. While my bias is for lower global yields it is...
Here we are tracking the soft floor coming in Yields once more. We have been in perfect sync with the previous legs down ahead of the Fed cut fact, now it is time once more to trade the expectation of another 25bp cut, this time in September with Trump and markets trying to force the Powell hand again.
The topside of the channel will attract a lot of buying...
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
