GrizzlyBearBee

GrizzlyBearBee

The global bond rout is accelerating and it’s starting to look like inflation concerns are only part of the reason. Benchmark 10-year Treasury yields jumped above 1.70% overnight even as the Bloomberg Commodity Spot Index heads for its biggest weekly slide since August. The more likely driver for yields is the near certainty that the Federal Reserve will soon...

GrizzlyBearBee

Following a natural gas crunch hurting European countries , pig farmers have sounded the alarm that CO2 supplies are low hence could slow down pig slaughter. I expect this to push the price of pork around Europe and around the world higher. Should a flag break out occur, there's a huge gap (20%+) waiting to be filled.

GrizzlyBearBee

After forming a reversal pattern, the pair is setting up a stage for a move lower. With a stronger USD, NZD is going to be weaker than the safe haven currency, CHF. Target: CHF 0.6537xx

GrizzlyBearBee

The pair is rejecting a trendline and may be turning lower. On the lower timeframes, a double top at a strong level of resistance has been printed. Expect further losses

GrizzlyBearBee

Having broken out of a rising wedge the pair is sitting on support level that could be broken very soon. Sell on breakout

GrizzlyBearBee

The stock market is currently pricing in slower growth, and so is GOLD. The bond market - thought to be the most accurate in pricing in economic activity - has known about this since May. However, traders ignored this due to global supply chain constraints and labor shortages with the resurgence of the Delta variant. This scatters the reflation trade as banks &...

GrizzlyBearBee

Following a retracement back to the fibonacci 0.618 - 0.786 levels, the pair has shown tremendous deceleration showing that the CAD may not have enough juice to keep going higher. The CAD, which is correlated to commodities has started showing weakness as commodity prices such as copper and oil implying that global growth is slowing. I'm expecting further losses...

GrizzlyBearBee

The spot currency has retraced after a strong impulse on US Dollar strength. Expect further downside.

GrizzlyBearBee

I'll be waiting for a bounce to the 0.3xx are which a great supply area and resistance level. Looking forward to adding more short positions after the bounce

GrizzlyBearBee

Following a rapid fall in the crypto, litecoin is currently ranging inside a triangle a bulls and bears battle it out. I'll be watching out for whichever direction the price breakouts.

GrizzlyBearBee

The pair has been ranging since mid-April. Since then, the Cable has become stronger while the AUD turned neutral as confirmed by the CFTC Commitment of Traders report. The net positions for non-commercial traders on the Cable have considerably increased to 33k while the AUD net positions remain sub-zero at -3k. As a result, there has been accumulation in this...

GrizzlyBearBee

After a rejection of the 0.382 Fibonacci retracement level, BTC is currently rejecting the 200day moving average. A confirmation will expose the 50 week moving average at $27.8k. Ultimately, we shouldn't rule out the previous all time high at $19k which lines up perfectly with the -0.272 Fibonacci extension level. An important level to monitor is the 50 week...

GrizzlyBearBee

Divergence among many momentum and strength oscillators could make it harder for the US dollar to continue lower. The CFTC Commitment of traders report shows that net positions remain muted above 2500 net positions by non-commercial traders. This shows that speculators and hedge funds still remain bullish on the...

GrizzlyBearBee

Failure to confirm support on the trend line could mean a deeper correction is coming. Ripple is under pressure this month with legal procedures with the SEC continuing till June. I'll be monitoring the evolution of the whole proceedings.

GrizzlyBearBee

Which pattern do you think is going to dominate? Leave a like and comment below 😉

GrizzlyBearBee

Since the 2020 bottom, most Commodities have risen to all time highs based on higher inflation expectations following massive QE by the Fed. On the contrary, QE is having trouble pushing for a faster recovery with Covid19 still spreading around the world. The US CPI has been struggling to rise with the 10 year bond yield just below the 1.7% level. The US Fed has...

GrizzlyBearBee

On breaking below the 50 Day SMA, I expect a rapid fall of the pair to the previous pivot Low. Please do due diligence

GrizzlyBearBee

The pair is forming a pattern that could send the cross lower The Australian Dollar weakness will determine whether the pattern is completed or not.