Saxo Market Call USD breaking down as we are all waiting for Trump's "big beautiful bill".
May 21, 2025
The breakdown of the USD creates a buzz as Bitcoin strives for new heights. The US Treasury market simmers with anticipation over a significant tax and spending bill. A crisis of confidence lurks, potentially influencing yields and Fed actions. Observations sweep across key asset movements, not just in the US, but globally. Political shifts in Australia and indicators in the S&P and NASDAQ add layers to the market’s complexities.
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U.S. Treasury Market Poised for Impact
- The U.S. Treasury market is key, poised like a cat ready to pounce on the passing of the big tax and spending bill.
- This could trigger a bond sell-off driven by fiscal concerns rather than growth optimism.
Bitcoin Signals Strong Market Sentiment
- Bitcoin is nearing the highs of its cycle, signaling strong risk sentiment and liquidity.
- This upward move hints at broader market confidence despite some downturns elsewhere.
Japan Bond Yields Surge to Historic Highs
- Japanese government bond yields are surging, with 20- and 30-year yields hitting historic highs since the 1990s.
- Such spikes may force intervention to stabilize the market amid concerns of speculative instability.