Archived IMT (2010.12.16)
US-GERMAN 10 YR YIELD SPREAD (US minus German) breaks further above its 200-day MA) for the 1st time in 5 months (see chart http://chart.ly/2hkhsyi ) The daily chart shows the spread has formed a possible Head & Shoulder formation, with the right shoulder around 45-50 bps, which means that a CLOSE ABOVE 50 bps would be necessary to invalidate this potentially bearish formation. Some may say a close only needs to be above 0.43-0.44 bps for the shoulder to be broken. So while the media emphasis is on soaring US bond yields, we must focus on the US-GE spread, whose daily correlation with EURUSD stands at -0.80. My bearishness on EURUSD remains intact since Nov 23 as all of the technical conditions have held up (55-WMA and Nov trendline). I first mentioned $1.27 in this video (after 4:00 mins) http://bit.ly/ePEvbf and highlighted the importance of bond yields on this Dec 1st CNBC interview http://bit.ly/hjjlZB
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17