Jump to content

Stocks and Bonds Up, Dollar Down (For Now): Top Trading Opportunities


Recommended Posts

Stocks and Bonds Up, Dollar Down (For Now): Top Trading Opportunities

Jul 7, 2022 | DailyFX
Paul Robinson, Strategist

It appears that towards the very end of last quarter we hit a major inflection point in the trend of higher dollar and rates and lower stocks, and anything perceived as risky. While the longer-term outlook appears likely to continue supporting the first half theme, corrections will happen. It is even possible the correction in recent trends will have the market thinking the worst is behind us.

At any rate, I’ll take it one step at a time. For now, a recovery rally in stocks and bonds is anticipated while the dollar falls. The S&P 500 could rally up to around 4200, while the 30-yr ultra rallies to 160 or higher. The DXY could ease back inside the multi-year range towards the 100 level.

The S&P 500 isn’t necessarily bouncing from a highly notable level but the price action and sentiment suggest we have seen the worst for now.

S&P 500 WEEKLY CHART

Stocks and Bonds Up, Dollar Down (For Now): Top Trading Opportunities

Source: TradingView

The 30-year took out the 2018 low and reversed back above, suggesting we saw a wash-out.

30-YR ULTRA BOND WEEKLY CHART

Stocks and Bonds Up, Dollar Down (For Now): Top Trading Opportunities

Source: TradingView

Failing to stay outside of the multi-month range is setting up the DXY for selling.

DXY MONTHLY CHART

Stocks and Bonds Up, Dollar Down (For Now): Top Trading Opportunities

Source: TradingView

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • As the cryptocurrency space evolves, Bitget keeps bringing up worthwhile initiatives to make crypto trading interesting and easy for its users as well as helping them maximise profit.  Gleaning from the likes of Candybomb to PoolX and the likes, the CEX has been seen to steadily provide these services. The PRE MARKET trade seems to be the newest product on the block right now. It is an over the counter trading platform that specialises in providing a pre-traded marketplace for new coins before official listing.  Simply put, it is a p2p framework of some sort that facilitates trading between buyers and sellers enabling them to acquire coins at optimal price thus enhancing advance liquidity and complete delivery at a mutually agreed upon time.  The interesting thing about the Pre Market is that; it allows the advocates or supporters of newly launched projects to trade through a contract before the token goes mainstream or before being airdropped.  This framework is very good for projects that have very high speculation, speculative traders should check out this product.  Good thing is the Pre trade is already live, you can leverage on it to purchase $MERL before its official listing, you could get to earn massive ROI. Here's the link; https://www.bitget.com/pre-market/MERLUSDT
    • Atomic Wallet is experiencing issues with their staking and rewards, so I would like to transfer my ATOMs to another crypto wallet. I contacted Atomic Wallet Support and they recommended Cosmostation Wallet and gave me instructions on how to do this. I followed the links they sent me, which required me to fill in my seed phrase. My ATOMs transferred to Cosmostation Wallet but were immediately transferred out. I never made that transaction. I contacted Cosmostation Wallet Support and asked them what happened. They informed me that I must have been talking to a scammer posing as support from Atomic Wallet. I contacted Atomic Wallet and they said I wasn't talking to a scammer and those links are legit. I lost my funds because my PC must be infected. Atomic Wallet wouldn't outright scam me would they?  
    • With the recent surge in "Cat Coins," a wave of playfulness and intrigue is sweeping the crypto community. KHAI, a meme token built on the Solana blockchain, is at the forefront of this movement. Fueled by a bullish community sentiment, KHAI has experienced a staggering 15.27% price increase in the past 24 hours, pushing its market cap to a noteworthy 24.4 million dollars. This impressive growth comes on top of a remarkable 94.3% price jump over the past week, significantly outperforming both the global market and other Solana-based cryptocurrencies. Could KHAI be the next big memecoin to reach unprecedented heights? Its recent listing on the Bitget exchange, accompanied by a giveaway event, certainly adds fuel to the fire. However, the question remains: will this newfound attention propel KHAI to even greater heights, or will it succumb to the volatility often associated with memecoins? Only time will tell.
×
×
  • Create New...
us