Tag: bond yields
-
Gold to trigger reversal pattern down to $2100?
The price of gold has defended and bounced off of two week lows, but my technical eyes have caught something. Once again folks, I trade the markets I see, not the markets I want to see. I remain long term bullish gold and silver, but am open to play downside moves. Let me present a…
-
Bitcoin break sounds alarm for stock markets
In mid June, I wrote an article highlighting the important zones of play for Bitcoin. The major zones being $71,466 to the upside, and $61,832 to the downside. The chart above shows the price action of Bitcoin at that time. It was Fed week, and Bitcoin was bouncing at the interim support zone. In that…
-
Stock Markets and Gold shaky as bond yields rise
Besides Nvidia carrying the Nasdaq, the other major US indices have been a bit shaky. We will jump into the charts below. And as usual, the prime suspect is the action in the bond markets. Of course this has a lot to do with the Federal Reserve and interest rate cuts. At time of writing,…
-
Stocks sink as yields hit 2024 highs on rate cut bets cooling
In Q1 2024 everything was moving up on interest rate cut bets. Q2 2024 has started off sour. It seems rate cut hopes keep getting pushed down further. The 10 year treasury yield is rising as bets on the June rate cuts cool down. The market is still expecting a 62% chance of a cut…
-
![Dow Jones hits new record highs as Fed dot plot shows three rate cuts in 2024.]()
Dow Jones hits new record highs as Fed dot plot shows three rate cuts in 2024.
Recent price action on US stock markets indicated that investors were expecting a dovish Fed. In fact, we have already discussed the major shift in Fed Fund Futures probabilities being the factor in stock markets rising. Even with Powell indicating that the Fed will be pragmatic and more rate hikes may be needed, it seems…
-
![Major technical reversal pattern close to triggering on stock markets post Federal Reserve!]()
Major technical reversal pattern close to triggering on stock markets post Federal Reserve!
“Interest rates will remain higher for longer”. This is what most analysts can agree upon after yesterday’s Federal Reserve conference. It was quite a strange one. Powell did not want to give concrete answers to questions regarding if the Fed is done with hikes. But we know that there is one more rate hike coming…
