Came across a chart of the 10 year yield seasonality. The right chart shows the aggregative average 10 year yield move in basis points per month. The left chart shows the last 20 years or so individually. The chart clearly is saying August is not the time to be shorting bonds. Goes against a lot of what the price signals are saying of possible support here?
What do you all make of this!?
Wanted to update anyone who saw the original trade idea for a long EURUSD from here. Seeing an aggressive TD Combo 13 an TD Price Flip Up (a close > close from four bars prior) which to me is confirmation, pending the close, that we have held the 1.17 range. The entry still looks pretty good if we get dollar weakness to come in.
Below is the Dollar Index (DXY) which has a TD Sell Setup.
I'll keep the idea updated but still looks good to me.