The U.S. Dollar Index has been showing some bearishness, and since DXY has an inverse correlation to commodities and crypto this provides crypto and commodities with some room for upside. I think DXY is still holding up around $103 and the price action is still neutral here. I would monitor DXY to see which direction it starts trending to determine its impact on crypto and commodities.
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The odds of a Fed pivot in September have significantly dropped from 90%+ to around 12%. We’ll have to wait and see how the odds look closer to the Sept. 18 Fed pivot date. I don’t think we get a rate cut in the upcoming July meeting. November currently has the best odds, but I […]
Read MoreThe inverted yield curve has started to spike up over the past few days. The yield curve signals a recession after crossing above zero. I drew a blue circle for how high the yield curve could approximately climb before we have a recession. For now the yield curve has not crossed above zero yet. I […]
Read MoreThe U.S. Bonds market has struggled to trend up. For TLT there is a resistance zone between $92 and $100. TLT is likely to trend back down towards the yellow and white support lines. The historic lows are trading near $82.55, I think TLT could retest those lows at some point. There is a lot […]
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The odds of a Fed pivot in September have significantly dropped from 90%+ to around 12%. We’ll have to wait and see how the odds look closer to the Sept. 18 Fed pivot date. I don’t think we get a rate cut in the upcoming July meeting. November currently has the best odds, but I […]
Read MoreThe inverted yield curve has started to spike up over the past few days. The yield curve signals a recession after crossing above zero. I drew a blue circle for how high the yield curve could approximately climb before we have a recession. For now the yield curve has not crossed above zero yet. I […]
Read MoreThe U.S. Bonds market has struggled to trend up. For TLT there is a resistance zone between $92 and $100. TLT is likely to trend back down towards the yellow and white support lines. The historic lows are trading near $82.55, I think TLT could retest those lows at some point. There is a lot […]
Read More