"Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March."
This is the reason why I`m concerned about the US-DOLLAR-drop from last week and have the suspicion that we are going to see fakeouts. Do you remember the post about rising yields but the falling US-Dollar and that one of these charts is lying? If we see a continuation of higher yields we can expect US-Dollar to make a huge turn.
Also keep in mind that the entire rally during the corona-pandemic was based on the liquidity that has been provided to the market and that we could see more risk-off if the economy continues to cool down / stagnate while the FED is forced to fight inflation.
Here are some charts just with key-levels:
1️⃣ AUD/USD 👉 2️⃣ GBP/USD 👉 3️⃣ EUR/USD 👉
I will patiently wait because fakeouts can cause huge momentum to the downside here as soon as finished!
A break under 1.1370 would confirm this