The blue rectangles are Fibonacci retracements from two previous lows (Jul 2016, Sep 2017) and the Oct 2018 high. The yield is well-behaved and two Fibonacci levels often cluster around similar levels. The yield went down to 2.6 but has recently increased to 2.7, I do believe that the yield will continue to go down. The 2.1 level should be a target for the next...
US10Y has just broken out of the downtrend and the inverted Head and Shoulders. Cheers!
China Q4 GDP Growth is expected to be at the slowest pace since 2009 at 6,4% YoY. This will probably also drag AUD down because of the high export to China. Meanwhile the Australian rate will be unchanged for quite a bit, where the Housing market index is also due to fall over the curs of 2019. Australian Housing market have been rallying for long time, Now the...
Target 4-5 This is Montly chart, Take note!
If 10Y Yield goes for an Inverted HS, watchout for a face ripper market move next week. Would be pure fuel for UJ, AJ, AU. #Levels. Wait for resistance break, caution.
We have a crucial level for US10Y and whether goes up or down, the level 2.66 will be hit... When? Get the course. Learn how to beat the market as Professional Trader with an ex-insider! Just 2 seats available and this is the last week to enroll in. Have a Nice Trading Week! Cream Live Trading, Best Regards!
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Looks like we can anticipate another impulse wave on US treasury yields as we follow our thesis that the US10 yield will kiss the upper boundary historical trendline before we see a reversal. Implications here will likely result in a rebounding/consolidating stock market and a strengthening of the USD against many major currencies while markets undergo major...
There has been a positive correlation with equities for a few months already. Aiming for some good retracements
Correlation with $DXY at full positive mode $TNX, $EURUSD
Since the start of the year, the US yield curve (10y-2y) is down by a whopping 80%. While the Canadian 10y-2y curve is not far behind (-75%). The market is buying into the thesis that both CBs got ahead of themselves. Interesting to see NZ curve barely budged since early Q2.
First Inversion of the 5/2 spread. This is no less important than the well-known 10-2 spread.
Use US10Y as Leading Indicator So, US10Y ahead for 1 Month or more DXY.
I've been watching the 10-year treasury bill yields lately and we can see some very interesting technicals that allow us to draw a few scenarios on what could happen with rates. Above 3.413 we are likely to see a significant rise in yield, while a consolidation here would lead to more "easing" in this and other markets, globally. Jim Rickard, former general...
Correlation to dollar index at positive phase $DXY, $TNX, $IEF, $BUND, $EURUSD, $ZN_F
Nothing huge here, just watching for this trend to break as many others have recently. Major trend breaks = regime change. If this falls out of the pattern here, I expect the yield curve to invert not all that long afterward.