A timely update to the 10yr US Bond Yields chart as we enter into NFP territory. I am still expecting to see further upside with a strong bid in 1H20. Targeting the 38.2% retracement which coincides with the cluster of macro stops makes sense.
We come up against the last case in variation for the move, erroneously described as a surrender. To put simply...
For those tracking the latest round of Fixed Income chart updates we have the final leg to the stool ahead right on time for NY. You will notice that on the back-end of the curve there is loud messages of a meaningful top being placed. The technical breakdown is indicating that we have another round of flattening towards key support at 32bps.
For the Chartpack...
A rather quick update here as markets find a floor rate differentials as widely anticipated. It is no surprises for those following the chart previously:
For the technicals, those with a background in waves will know this is a textbook example of an ABC correction after a 5 wave sequence;
Things are a lot clearer in the FX board as we begin the flows in...
A timely update to the US10Y Yield chart as we breakout with November highs in scope. We will not be covering US fundamentals here today and instead will focus on key technicals in play.
For the flows in our map for today and the rest of 2019 we have the key levels in play (highly recommend adding all to charts):
Steel Support => 1.65
Strong Support =>...
Huge move down starting late '18 to early Sep '19 (from 3.25% to 1.43%). Whist overall the US 10 yr yield will likely fall over time, a short term retracement bounce to 1.86%, then possibly 2.125%.
Here we are witnessing the minimum target from a ABC perspective since the January highs at 2.799%.
This sequence from here on should be viewed as corrective and will be a shallow retrace in the broader trend. There is little support here so the key levels to watch in play remain 2.286%. We may see some choppy waters here, however, the potential to retrace as...
Bond Market Flight To Safety... LOL
When will these people ever learn ?
. Unprecedented levels of us debt
. Unwinding of petro dollar status
. Primary buyer of us 10 years is
us treasury via short term derivatives
swap machinery .
The game will continue until it can't !
Reallocate to Bitcoin, Ripple XRP.... Now !
treasuries and bonds not acting inline with main markets....
expecting further downside on u.j so will be actively looking for positions alongside the imminent breakout we are witnessing in gold. 1250.xx was the key to pandoras box and 1320.xx, congratulations to those who took this trade and are still holding.
Eyes on the trigger to set things off here.
Over supply from the auctions should keep treasury yields rising to test the high @ 2.65 on the 10yr. Bills and 7yr being auctioned tomorrow should continue to fuel the Dow higher. $DXY might follow yields to 102 forming a right shoulder depending on the data tomorrow and Friday.
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
