The U.S. Government Bonds 10YR Yield (US10Y) is having a 2-week rejection since the August 22 High that was priced marginally above the 4.336 Resistance. However both the 1D MA50 (blue trend-line) as well as the Higher Lows trend-line that moves just below it, remain intact, maintaining the long-term uptrend.
Today is the ideal spot for a new buy entry, targeting...
Gold (US$ / OZ) | Wednesday 31/5/2023 | Ethan Smythe
Fundemetal
Gold prices rose higher at market open on Tuesday in response to a fall in US Treasury Yields following Washington's push to raise the US debt ceiling. This development sparked optimism with respect to recent fears of a US debt default on Tuesday. Congress now has up until June the 5th to...
The blue line area shows the historic and current FED's Fund Rate.
Looking back in the past it appears the US10Y (yellow line) is predictive of FED's fund rate upper target (orange arrows).
The US3M (turquoise line) seems to be a good indicator to get a feeling for the FED's fund rate short-term up or downward trend.
In the FOMC Summary of Economic Projections...
A longer term look at the US 30 Year Bonds reveals that the yields have broken to the upside of 2 standard deviation of the linear regression channel.
In a way bonds have already executed the FED rate hikes.
You can get around 3% yield on a US 30 year bond.
Question is if the bond market will track lower increasing yield rates even further.
Depending on your...
Weekly (W1)
After a RSI bearish divergence detected the week before, the last week price action triggered a "Bearish Engulfing pattern" which should be seen as a second
warning signal calling for a trend reversal !
Indeed, looking back we can see 2 clear trends and in monitoring the ongoing uptrend we can easily see the failure to confir m an upside breakout of...
