Hey tradomaniacs,
everything I wanna say is mentioned in the chart.
Yields are currently falling due to more demand in Bonds (oversold market) which are attractive for investors who want less volatility.
When there is demand in Bondy yields are moving down (negative correlation) which is dragging down the momentum for US-Dollar which should actually move up...
Crazy moves by the market today❗️
Higher inflation than expected and a stagnating Jobmarket shocked the market.
In the evening we`ve got a statement by James Bullard (St.Louis Fed) saying that it is possible for the FED to raise interest-rates even up to 1% until July.
As a result the US-Yields broke the 2% Resistance and is back at pre-pandemic-level.......
Hey tradomaniacs,
DXY (US-DOLLAR-INDEX) should be ready to pump soon 👉
All we need is finally the breakout after the fakemove below the support-zone.
If that happens EUR/USD will drop sharply.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
DXY (US-DOLLAR-INDEX) is re-testing the trendchannel and a strong resistance again 👉
Have you noticed the S/H/S-Pattern for EUR/USD in the 1-Hour-Chart? It could be completed when DXY reaches the zone and could provide us an opportunity to buy the DIP of EUR/USD.
Additionally, SPX500 is showing a strong bullish orderflow (but weak volume)... if it breaks the...
