13:05:36 (UTC) Tue Jul 28, 2020
The positional strength in Bunds was just too strong to contain, the rest is obvious. Now play the topside, retraces into buyers jurisdictions at -0.35 and -0.50 will attract a lot of selling interest in bunds (hence pushing yields up) and triggering the capitulation. We are still set for an emphasis of consolidation across Global Equities, this is still all...
This might contradict our price action analysis but this is something that needs to be taken into consideration. As many know, German 5 yrs bond yields - US 5 yrs bond yields differential is regarded by many intermarket analysts to be leading indicator for EURUSD. EURUSD is supoosed to follow this differential and some traders make a strategy out of this. And...
A monthly trend on 5 yrs German bond yields hitting -1 for the first time this March. You dont see all those fine tops on eurusd:) De05y seems to keep dropping somewhat more, forming a descending triangle? Right now its already below zero. Who is buying German bonds with a negative return? Many assume German bonds to be a safe haven in covid crisis. Seem like...