Market optimism about a US-China trade deal is keeping the USD and Crude on a bullish trajectory. As per the latest report “China would increase purchases of U.S. imports over six years to reach more than $1 trillion per year”.
Newsflow about a compromise solution between the US and China on the trade discussion driving TNX, Brent and Dollar higher.
Brent Crude has moved from $53.8 to $61.15 … Gain of 13.66 %
TNX (CBOE 10 – Year US Treasury Yield) – In a strong down trend BRENT – Short-term Bullish ( Brent Crude Oil – Bullish Divergence ) NIFTY – Bearish RUPEE – Bearish USD – Bullish
A pullback to the resistance zone expected
TNX (CBOE 10 – Year US Treasury Yield) – In a strong uptrend with an upside target of 32.99 (Yield = 3.29 %) BRENT – Pulling back after a strong breakout, $80 will be a strong support. USD – The trend