Historically, the YELLOW support area NEVER holds when
DXY
is on its way back down.
HOWEVER, the US #Dollar is showing strength. (this is vs a basket of currencies that are also weak.) 1st time it bounced back this hard.
This looks like it wants to keep going, longer term. We'll see.
This is NOT good for #stocks (longer term).
TNX
has been trading closely.
DXY
is on its way back down. HOWEVER, the US #Dollar is showing strength. (this is vs a basket of currencies that are also weak.) 1st time it bounced back this hard.
This looks like it wants to keep going, longer term. We'll see.
This is NOT good for #stocks (longer term).
TNX
has been trading closely.