TNX: A Monthly TNX Rally/Bounce Potential May Boost the Dollar
I don't trade the TNX, just observe. It looks like a rally is forthcoming. It could just be a bounce.....
Sometimes the 10 year yield has a positive correlation with the US dollar. Sometimes the positive correlation disappears due to quantitative easing or heavy demand in the dollar. It is on;y visible afterwards when it is almost too late.
With that said, the current level in the TNX looks like a level of support that may give a bounce to the US dollar.
Sometimes the 10 year yield has a positive correlation with the US dollar. Sometimes the positive correlation disappears due to quantitative easing or heavy demand in the dollar. It is on;y visible afterwards when it is almost too late.
With that said, the current level in the TNX looks like a level of support that may give a bounce to the US dollar.
Note
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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.