USD_ DXM16

Weekly – In the move down. Trade pressures are down. Volumes are bearish.

Daily – In the move down from 97.60. The next target is 94.05. Trade pressures are down. Volumes are bearish.

A close above 95.90 could signal higher.

 

30YR T-BONDS_ USM16

Weekly – Retracing inside the move up. Trade pressures are up but declining. Volumes are mixed bearish to neutral.

Daily – Flat. Have touched the long entry price of 165-03, but not closed above. Trade pressures are up. Volumes are mixed bearish to bullish.

Much like crude, this 30yr seems to be event driven; any improvement in the economy would signal lower prices, or any dislocation event could drive money to the safe haven of US Treasuries.

Wait.