#usdollarfutures #ustreasurybondfutures
USD_ DXH19
Weekly – The decision of the FED to slow or stop the sale of inventory assets for a period softens the dollar. Trade pressures are now down. Volumes are neutral.
Daily – In the move down from the 95.65 short entry level. Trade pressures are down into the neutral zone. Volumes are now bearish.
After a quick move up to test the downtrend resistance line at 96.40 price reversed to down on Friday. The next target down is 94.11.
US 30YR T-BONDS_ USH19
Weekly – Back below the 200 wk MA. Trade pressures are up but rolling over. Volumes are now bullish.
Daily – Flat. In move down from the 146-22 short entry level. Trade pressures are now up. Volumes are neutral to bullish.
The next target down is 143-07.
A close above 147-11 would signal higher.
Looking down in the lower time frames for early signals of a new move up. The dollar move down, if sustained, should move the rates lower and the bond prices higher.