US 10Y Yield - towards 3%

Technically a bullish yield scenario is building up. The implications are interesting for Stocks and FX both.

- Selling US bonds -> weakening effect on USD
- Yields climbing up -> risk-on sentiment, equities up
- Yields climbing up -> markets reevaluate Fed message and start to reprice rate hike -> USD supportive

Contradictory messages are visible from the bond markets, the reason for yields moving up will be crucial (FED pricing, or bond selloff)

Action:
Correlation between FX and Bond market is dubious, check eco data instead for clues. Weaker US data -> more dovish Fed -> weaker DXY
Beyond Technical AnalysisbondsdollarindexfedFundamental AnalysisSupport and ResistanceUSDyield

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