Here's a weekly chart of the twenty year bond:
Notice the intermediate term support that has just been penetrated. I think the next support level is a reasonable target.
What does that mean? Interest rates are going up.
This is good news for the US dollar:
It is my hope that 153.74 support for FXE (which is the USD/EUR cross) will be challenged, and eventually broken. Then maybe we could get some relief for the US dollar...finally!
No comments:
Post a Comment