Risk on sentiment continues as bond yields is set to push higher
Downtrend still persist as risk on sentiment continues following election of Trump as President. The 10 yr notes stalled at 125 resistance and has attempted on several occasions to break out but to no avail.
Market closed positive on friday on support at 124 after 2 consecutive days of selling momentum, I expect a short rally in the beginning of this week however, it will not last as the overall risk on trend is still in play. I would prefer to stay short and wait for sell on pullbacks.
Market closed positive on friday on support at 124 after 2 consecutive days of selling momentum, I expect a short rally in the beginning of this week however, it will not last as the overall risk on trend is still in play. I would prefer to stay short and wait for sell on pullbacks.