-(DXY) , US Dollar Index
-(TVC:USOIL) The Price Of WTI Crude Oil
-(US10Y) The 10 year Yield.
A Weaker DXY With Crude Oil Higher and a Stable 10 Year Yield would be BULLISH.
For The Stock Markets continuation to the upside, and safer environment for Bitcoins continued upside.
A Stronger DXY , Lower WTI Crude, and A Dropping 10 Year Yield Is Bearish For The Stock Market, and could also affect Bitcoins price short term with a move away from risk assets.
Eventually I expect Bitcoin to break from this correlation, however it has not yet done so.
A bearish US dollar , which has formed a descending wedge pattern,
is coming into historically critical areas of support.
US Crude Oil
I’m betting with some recent events aligning, with higher powers and forces at work, pushing for a higher price for Crude Oil.
I am expecting US Crude Oil to be above 70.00+ by end of year.
The 10-year Treasury yield is a crucial financial benchmark, as it impacts numerous other loan costs. When the 10-year yield goes up, Home Loan rates as well as coat of capital for businesses also increase. When the 10-year yield decreases and home loan rates fall, the real estate market is strengthened, which decidedly affects monetary development and the economy.
The 10-year Treasury yield likewise impacts the rate at which organizations can acquire cash. At the point when the 10-year yield is high, organizations will confront an increased cost of capital, which typically results in a decrease their capacity, workforce, expansion or development.
The 10-year Treasury yield can also impact the stock market, with movements in yield creating volatility . Rising yields may signal that investors are looking for higher return investments but could also spook investors who fear that the rising rates could draw capital away from the stock market.
Loading 10yr UST chart...
Data Source: St Louis Fed
What is it: This is the yield on the US 10-year Treasury Bond.
Why it matters: The 10yr UST yield is a common interest rate benchmark.