Eyeing the Further Flattening & Inversion Yield Curve.
Market Updates at a Glance: 29 March 2022 (Tuesday)🌎
☛U.S Stocks Fueled by Improving Sentiment. Eyeing the Further Flattening & Inversion Yield Curve.
➤US stocks continued higher with Dow +0.27%, S&P 500 +0.71% and Nasdaq +1.31% and VIX dropping below 20. A strong rally in Tesla & meme stocks lifted the risk sentiment.
➤The US dollar index broke out of the pennant pattern & closed higher, above 99. The 10-year treasury yield was flat at 2.46%. The yield curve is further flattening & inversion, which signals a possible recession with 2y10y plunged to 0.064%.
Note-2y10y-This is the difference between the 10-year Treasury bond yield and the 2-year Treasury Note yield. Yield curve inversion is a traditional signal for a looming recession.
➤USDJPY jumped, slightly below 124, retraced from intraday high above 125. Bank of Japan announced to buy unlimited 10-year Japanese Government Bonds to defend its Yield Curve Control at 0.25%.
➤GBPUSD dipped to below 1.31 amid the strong greenback. The BOE governor softened rate guidance in his speech yesterday amid uncertainty. EUR was flat.
➤Gold slipped to $1922 while Oil (Brent) slid to below $110, on hopes of another round of Russia/Ukraine peace talk today.
➤BTC extended the gains to $47,290 as of writing, while XRP continued higher to 0.8730.
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#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #vix #fears
☛U.S Stocks Fueled by Improving Sentiment. Eyeing the Further Flattening & Inversion Yield Curve.
➤US stocks continued higher with Dow +0.27%, S&P 500 +0.71% and Nasdaq +1.31% and VIX dropping below 20. A strong rally in Tesla & meme stocks lifted the risk sentiment.
➤The US dollar index broke out of the pennant pattern & closed higher, above 99. The 10-year treasury yield was flat at 2.46%. The yield curve is further flattening & inversion, which signals a possible recession with 2y10y plunged to 0.064%.
Note-2y10y-This is the difference between the 10-year Treasury bond yield and the 2-year Treasury Note yield. Yield curve inversion is a traditional signal for a looming recession.
➤USDJPY jumped, slightly below 124, retraced from intraday high above 125. Bank of Japan announced to buy unlimited 10-year Japanese Government Bonds to defend its Yield Curve Control at 0.25%.
➤GBPUSD dipped to below 1.31 amid the strong greenback. The BOE governor softened rate guidance in his speech yesterday amid uncertainty. EUR was flat.
➤Gold slipped to $1922 while Oil (Brent) slid to below $110, on hopes of another round of Russia/Ukraine peace talk today.
➤BTC extended the gains to $47,290 as of writing, while XRP continued higher to 0.8730.
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @ce83lim to look at charts
#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #vix #fears
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.