Eyeing the Further Flattening & Inversion Yield Curve.
Market Updates at a Glance: 29 March 2022 (Tuesday)🌎
☛U.S Stocks Fueled by Improving Sentiment. Eyeing the Further Flattening & Inversion Yield Curve.
➤US stocks continued higher with Dow +0.27%, S&P 500 +0.71% and Nasdaq +1.31% and VIX dropping below 20. A strong rally in Tesla & meme stocks lifted the risk sentiment.
➤The US dollar index broke out of the pennant pattern & closed higher, above 99. The 10-year treasury yield was flat at 2.46%. The yield curve is further flattening & inversion, which signals a possible recession with 2y10y plunged to 0.064%.
Note-2y10y-This is the difference between the 10-year Treasury bond yield and the 2-year Treasury Note yield. Yield curve inversion is a traditional signal for a looming recession.
➤USDJPY jumped, slightly below 124, retraced from intraday high above 125. Bank of Japan announced to buy unlimited 10-year Japanese Government Bonds to defend its Yield Curve Control at 0.25%.
➤GBPUSD dipped to below 1.31 amid the strong greenback. The BOE governor softened rate guidance in his speech yesterday amid uncertainty. EUR was flat.
➤Gold slipped to $1922 while Oil (Brent) slid to below $110, on hopes of another round of Russia/Ukraine peace talk today.
➤BTC extended the gains to $47,290 as of writing, while XRP continued higher to 0.8730.
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#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #vix #fears
☛U.S Stocks Fueled by Improving Sentiment. Eyeing the Further Flattening & Inversion Yield Curve.
➤US stocks continued higher with Dow +0.27%, S&P 500 +0.71% and Nasdaq +1.31% and VIX dropping below 20. A strong rally in Tesla & meme stocks lifted the risk sentiment.
➤The US dollar index broke out of the pennant pattern & closed higher, above 99. The 10-year treasury yield was flat at 2.46%. The yield curve is further flattening & inversion, which signals a possible recession with 2y10y plunged to 0.064%.
Note-2y10y-This is the difference between the 10-year Treasury bond yield and the 2-year Treasury Note yield. Yield curve inversion is a traditional signal for a looming recession.
➤USDJPY jumped, slightly below 124, retraced from intraday high above 125. Bank of Japan announced to buy unlimited 10-year Japanese Government Bonds to defend its Yield Curve Control at 0.25%.
➤GBPUSD dipped to below 1.31 amid the strong greenback. The BOE governor softened rate guidance in his speech yesterday amid uncertainty. EUR was flat.
➤Gold slipped to $1922 while Oil (Brent) slid to below $110, on hopes of another round of Russia/Ukraine peace talk today.
➤BTC extended the gains to $47,290 as of writing, while XRP continued higher to 0.8730.
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @ce83lim to look at charts
#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #vix #fears
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.