Category: Currencies

US $$

USD_
the weekly DX pressures are down, with down volume.
the 79.25 target is acting as support.

the daily trade is meeting resistance at the 80.46 target. the next target up is 81.45.
trade pressures are up and volume pressures are neutral.

the Euro negative interest rates are designed to brig the euro down and the flow of funds that would be expected from that is toward the dollar, and other currencies. the Euro (jun14 contract) is at 1.3642 at this writing. it has dropped from a high of 1.3992 since May 8th.  Mario Draghi has been telegraphing the interest rate change for some time. Likely to continue.

30YR T-Bonds_
weekly volume has turned negative. trade pressures are up.
the next target up is the old high of 144-31.

the Daily trade is up. currently at multiple targets so meeting resistance.
the trade pressures are down and the volume has been down 6 of the last 7 days.

the next target up is 139-16. last weeks correction as triggered at 136-27 and reached the first target of 134-14 in three days.
the next target down is 132-01.

so, in the flux of worry between an improving domestic economy which might signal higher rates and the lower global interest rates which would cause the flows to come to the US and buy up bonds prices and cause lower rates.  Seems like a prescription for “not much change”.

 

US $$

USD_
the recent spike down has completed the downside move to 79.24.

weekly pressures remain down but the daily pressures have turned up.

the daily trade is up and at a short cycle target, so some consolidation here. the next target up is 81.18.

30yr T-Bonds_
At the 137-27 target. weekly pressures are up and the daily pressures have turned down.

Have traded down thru a short entry price the next target down is 134-22.
stops at the highs.

US $$

USD_
weekly pressures and daily pressures are down.

the long trade has failed.
the DX is down thru the 79.35 channel lows and now has a 78.665 downside target.

30yr T-BONDS_
the weekly and daily pressures remain up.
the daily trade went thru the 135-01 target, the next target up is 137-27 to  138-05.

need a move down thru 134-30 to signal lower.

US $$

USD_
the DX is spending a long time here in consolidation at the 79 lows. Must be waiting to see what the Euro does.
weekly pressures remain down to neutral. daily is slightly up.

trading between 79.375 and 80.770 with no directional bias.

30 YR T-BONDS_
both weekly and daily pressures are up.
daily remains in the long trade up from 130-16. next target up is 137-27.

a move down thru 133-23 would stop out the trade and look for a new short entry.

US $$

USD_ the DX is not following thru on the long entry from 79.83, the move was stopped at the first target of 80.62.
and now has pulled back to test the 79.37 stop.

upper time frame pressures remain down. a break down below 79.24 could test 78.66.

30 Yr T-Bonds_ moving thru the recent 134-19 target signaling higher. next target nearby is 135–01.
after that test the next target up is 137-27 and 138-05.

a move below 133-11 would signal lower.

 

the euro is rising perhaps due to money flows out of the eastern bloc counties next to russia.
Treasuries also rise but most probably from funds flowing out of equities.

the lower US interest rates from these flows seem to stimulate a carry trade where borrowed US funds at these low rates go into Asian and Emerging Markets with higher rates.

US $

USD_ the DX has established  double bottom at the 79.25 downside target.

Has been in a sideways move since late october 2103.

the current trade is up from the 79.82 long entry price is now testing the 80.62 target
and is signaling higher to the next target up of 81.40.

stops at the lows.

30yr T-Bonds_    prices up, yields down.
have been in the long trade since the 127-31 long entry price at the beginning of the year.
the 133-19 target has been significant resistance.

volume studies suggest higher prices.

US $$’s

USD_ the DX rallied to the 81.31 long entry and has pulled back from there.

the pullback is targeting the 79.10 lows

30yr T-Bonds_  the 30 yr was consolidating at the 133-09 target.

the Russian news sent it up thru towards the 134-19 target. have to see if this holds.

US $$`

USD_ the Dx sold off last week, the Euro rose, the metals rose  and the S&P rose.

the weekly DX tested the long entry of 81.33 numerous times.

the daily trading in the channel between 79.50 and 81.74.   Now in a move to the lower end of the channel.

a move above 80.23 could restart a move to the upside.

30YR T-Bonds_  weekly raded thru the long entry for the second time.

The daily traded up to the 134-30 target and is now pulling back to the previous 132-00 tagrget.
the next target up is 136-29.

a move down below 131-25 could signal lower.

 

US $$

USD_ the DX
the weekly is trying to get thru the 81.33 long entry, pressures are still down, but rising.

the daily trade is still long, but consolidating around the 81.05 target. pressures are up but declining.

 

30 YR T-Bonds_ weekly pressure are up, daily pressures have turned down.

weekly still long.

the Daily Trade is completed after reaching the 134-20 target. Pressures are down, in a retracement ,

US $$

USD_ the DX is at the weekly long entry price of 81.33. pressures are up.

the daily trade is still long from the 80.09 entry and consolidating around the first target of 81.05.
a close above 81.29 should start the dollar moving higher once more to a 81.64 target.

a break below 81.05 would test the prior 80.51 low.

30YR T-Bond_ the weekly is long from 131-26. the next target up is 139-16.
the Daily trade is long but at the final target of 134-20; so expect consolidation or a pullback here.