Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Bonds selling off at yield support / price resistance, after huge corrective rally
Who would have thought that SA10y would trade at the same yield today, than:
- Before it was downgraded to junk
- Before it added USD debt from the IMF (imminent)
- Before Covid depression
- After a long sideways consolidation, SA10y broke out at 9.3% in March.
- Yield rose to 13%
- The correction has been fast as well
- In my view, best case another 50bps lower (9.50-9.30%)
Strong resistance around 9.55
Rising wedge still in place and last two bars looking nicely bearish.
Hopefully we get some drop here.
Testing bottom of rising wedge posted few weeks back. Break bellow means lower interest rate in South Africa
Making rising wedge with rand strength I guess will see better yield and drop in interest rates.
South Africa 10 year Bond yield to 12.50%
I identified 3 occasions where the
20 dma crossed over the 50 dma.
That is very Bullish.
The bounce of the 200 dma is
further indication of tough times
After braking cup and handle formation it looks on its way to 10.4%-10.6% or another 120bps from here.
By the looks of it interest rate will rise in South Africa