TradeGATEHub Live Trading | Treasury Announcement Spooks the Dollar, Commodities Fly

surprise I I know you you guys all know what the Treasury did that they're going to increase their double up their bond buying. So, this is the second attempt to try and get a handle on supply, which I believe, you know, is kind of a stopgap measure. The first was the intervention with the yen

to prevent the Japanese from unloading their supply, and then coming into the market saying they're going to be doing bond buying was something else to scare the shorts. But I look at it, here we are um you had a nice little pop, you know, on that. They want to change the conversation. But

unless they're going to keep, you know, really do what it takes, um I think this really to the market shows that they're extremely worried. And we know what happens when there's blood in the water and there are sharks, bond vigilantes swimming around in that water. They're going to test the Fed. So, you know, I I think that this

move in bonds, I'm not sure if it's a low. I have no trade in it. I'm just saying that the fact that they're taking actions, the yen intervention was the first one since 1998, and much larger. Um you know, so far the yen has been contained. Uh perhaps they're going to be able to

manage that and we won't make new highs in US dollar yen, and which are would be new lows. Um up here. So, uh still think that even if we pull back that there's another wave like this. I don't know if it's going to start from here or lower. I've seen counts around 6

and 1/2 and then we get a rally back up into the high 161s. But when you think about it, uh, the impact from what they did was mainly felt in the currency markets. Dollar took a big hit. Okay? Um, cable rallied. Aussie rallied. Uh, Aussie not making much upside progress. So, let me update you on the