USD_ DXM17  #usdollarfutures

Weekly – Still in the weekly retracement move down from the 103.66 high. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily – The close above 101.50 signals the DX in a new move up. Trade pressures are neutral but rising. Volumes are mixed bullish to bearish.

The FED officials are signaling a March rate hike which should advance the dollar.

 

US 30YR T-BONDS_ USM17  #ustreasuryfutures

Weekly – Consolidating after the summer move down to the 145 level. Trade pressures are up. Volumes are mixed bearish – bullish and now bearish again.

Daily – Flat. In the move up from the 150-02 level, but no momentum. Trade pressures are down. Volumes are bearish.

The next target up is 156-26.

A break down below the 148-08 support would likely extend the down move.