Get started

Treasurybonds

Bullish Looking Treasury Bonds May Push USDJPY Even LowerHello traders! Today we will talk about 10Y US Notes and USDJPY, their price action from technical point of view and wave structure from Elliott Wave perspective. As you may already know, 10Y US Notes(treasury bonds) and USDJPY are in negative correlation. So, after recent big sideways price action and corrective consolidation, the pattern is becoming clearer and clearer. Well, what we see is that USDJPY can be forming a bigger bearish running triangle formation, which can sooner or later push the price below 104 level, ideally towards 103 - 102 area, mainly because of current bounce on 10Y US Notes, which seems to have a completed flag pattern, from EW perspective, an a-b-c corrective decline, where wave "c" completed an ending diagonal. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
1
What Yield? 2-Year Treasury Lows May Signal It's Bitcoin Time Several stakeholders in the crypto market see a lack of yields coming from traditional markets as a sign cryptocurrency has a place in uncertain times. “We are moving into a period of stagflation – stagnant growth and inflation – which creates a steepening of yield curves in the fixed income world,” said Chris Thomas, head of digital assets for Swissquote Bank. Indeed, U.S. Treasury yields have dropped in 2020 – the two-year maturity is at its lowest yield in over 10 years. “I have a customer leaving bonds for bitcoin. I look at that as very bullish,” said Henrik Kugelberg, a Sweden-based over-the-counter crypto trader. “Bonds that are supposed to be the safest bet there is to actually make a buck on your invested money now all of a sudden seems less attractive than bitcoin.”
TVC:US02YLong
by danielcawrey