Charts Today - 13 Jun 2018 - Markets remain quiet
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Dollar strengthening, Euro, Yen and Sterling all weaker.
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Bitcoin continues to look bearish.
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US stock indices hold on. Europe and Asia struggle.
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HK and Chinese stocks down and continue to worry.
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Brent crude back to short term bearish.
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Gold and silver struggle.
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US tech holds gains.
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EUR/USD now refocuses on the 200-day SMA
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Gold struggles around $2,325 despite broad US Dollar’s weakness
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Bitcoin price makes run for previous cycle highs as Morgan Stanley pushes BTC ETF exposure
Bitcoin (BTC) price strength continues to grow, three days after the fourth halving. Optimism continues to abound in the market as Bitcoiners envision a reclamation of previous cycle highs.
US versus the Eurozone: Inflation divergence causes monetary desynchronization
Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.