Hello everyone. The recent economic data is sort of mixed, with better-than-expected job data released last Friday and worse-than-expected ISM Services PMI data published today.
We can see how market perceived the data from the long end of treasury yield, say the drop of US 10Y yield indicating slower economic growth in the future.
The correlation works with NQ and gold going up. I explained the relationship in my previous post titled 'How things got linked up with one chart(FED, Gold, US10Y, NQ)'. If you're interested, you can read check the link below for more details.
Normally, in my trading strategy, correlation plays an important part. It serves as a powerful odds-enhancer and can help you catch some big moves.
So, let's back to US 10Y yield. From the chart, it fell into the old zone again. The next possible support level is 1.27 after 1.35 is firmly taken out. Fed minutes will be released this coming Thursday. Market might be very volatile then.
Please trade safe and stay safe!
Give me a like if you're with my idea.
We can see how market perceived the data from the long end of treasury yield, say the drop of US 10Y yield indicating slower economic growth in the future.
The correlation works with NQ and gold going up. I explained the relationship in my previous post titled 'How things got linked up with one chart(FED, Gold, US10Y, NQ)'. If you're interested, you can read check the link below for more details.
Normally, in my trading strategy, correlation plays an important part. It serves as a powerful odds-enhancer and can help you catch some big moves.
So, let's back to US 10Y yield. From the chart, it fell into the old zone again. The next possible support level is 1.27 after 1.35 is firmly taken out. Fed minutes will be released this coming Thursday. Market might be very volatile then.
Please trade safe and stay safe!
Give me a like if you're with my idea.
plan your trade and trade your plan
