USD (DX)_ all about money flows between countries.
Weekly – trade pressures are up. volume is bullish.
consolidating around the 88.97 upside target.
Daily – hit the first target down in the short trade.
then turned up dramatically thru the old highs as money flows accelerated into the US markets.
trade pressures are up. volume is bullish.
30yr TBONDS_
Usually follows the dollar flows, but with yields so low it seems the money was going into equities and resulted in selling some bonds.
Weekly – trade pressures are up. volume is bullish.
price tagged the prior high and pulled back.
Daily – trade pressures are down. volume is bearish.
the short trade from 142-05 was not stopped out.
next target down is 134-30.
a close above 146-20 will stop the short trade.