US 10Y yield broke control low pushing stocks & commodities up!
Hello traders, US 10Y yield just violated the control low zone on the daily chart, retreat to the lower part of the new range on the weekly.
It's good for stocks and commodities as we saw NQ, copper, gold, silver all rally.
Day close candle is important. I will check how it closes. As the yield goes lower, odds are on buyers side. You can check my linked idea below titled How things got linked up with one chart(FED, Gold,US10Y,NQ)
However, I think the yield will go up again against the backdrop of strong economy recovery and rising inflation.
It's good for stocks and commodities as we saw NQ, copper, gold, silver all rally.
Day close candle is important. I will check how it closes. As the yield goes lower, odds are on buyers side. You can check my linked idea below titled How things got linked up with one chart(FED, Gold,US10Y,NQ)
However, I think the yield will go up again against the backdrop of strong economy recovery and rising inflation.
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