Classic Unwind…

“play stupid games, win stupid prizes”…

As discussed on Twitter too, one of the most interesting dynamics at the moment is the unwind in Bonds and Gold. Remember, that these moves make complete sense not only from a technical perspective but also if you factor in seasonal tendencies.
Courtesy of @movement_cap
The above is extremely interesting and important to understand if you are trying to position into some FX trades, possible fading recent moves. Once again, we are at some key inflection points across the board but there is likely little edge trying to stubbornly initiate FX fades as long as this unwind in taking place with the accompanying USD strength…
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