Starting on September 1, interest will once again begin to accrue on the $1.78 trillion in US student loans outstanding. Starting in October, payments will begin again.Bernstein is out with a good analysis of the numbers and highlights that about 17% of US adults hold...
Nasdaq going for its third day in a row with declines around 1.15%. Steady as she falls…
The NASDAQ index is training to new session lows and in the processes currently down around -1.15%. That decline matches the previous 2 day declines -1.14% and 1.15% respectively.NASDAQ shares are down -7.14% for the month is its worst performance since December 1 the...
Ris aversion hits hard late once again
The S&P 500 closed at the lows in each of the past three days with selling picking up late int he day in each case. The selling has started a bit earlier today and it's spilled over into USD/JPY as the pain is enough to drag yields from the highs.The trigger for...
US crude oil futures settle at $80.39
The price of WTI crude oil futures is settling up $1.01 or 1.27% at $80.39. The high price they reached $81.08. The low price was at $78.95. At session lows, the price tested a targeted support area at $79.00. Recall, that last week the price moved above a swing area...
RBC: USD/CAD Already at our 1.35 Q3 target; what’s next?
RBC provides insights on the future trajectory of USD/CAD, which has already hit their end-Q3 forecast of 1.35. Here are the main takeaways:Short-Term Uncertainty: USD/CAD's trajectory seems uncertain in the near term, likely to be influenced by developments around...
Gold falls to the lowest since March
Gold has sold off steadily for two weeks and today broke through the June lows to the worst levels since March 14.Gold dailyThe gold move is a mirror image of Treasury yields as the risk-free rate for 10-years in the US nears cycle highs at 4.30% while gold continues...
EURGBP down for the 5th day in a row and gets closer to swing area support
The EURGBP stalled against its 100 day MA after a really earlier in the month. Sellers leaned against that moving average level on 2 consecutive days. Back in July, the price also tested the 100 day moving average for 2 consecutive days and also found sellers.The last...
US mortgage rates reach highest levels in over 20 years
30 year mortage rate at highest level in over 20 yrsUS mortgage rates hit the highest level in 20 years.The average mortgage rate increased to 7.09% as reported by Freddie Mac.A year ago the rate was around 5%.The Federal Reserve's high-rate policies have most...
Terasury yields stretch to new 2023 highs. 10-year yields just 1 bp below Nov high
The blowout in bonds is the only thing that really matters in markets right now.US yields from 5-30 years are up 6-7 basis points today and at the highs of the day. US 20-year yields are up 6.5 bps today to 4.61%, which is nearing the high of 4.67% from last...
ODTE options are an accident waiting to happen
Goldman Sachs to wrote about ODTE options, which stands for zero days to expiration. There has been a surge in trading volumes in options and trend has gone from monthlies, to weeklies, to dailies to today. It's symptomatic of market participants that are ceaselessly...
EURUSD retracing the gains and now lower on the day
The EURUSD moved up earlier in the day and in doing so, moved up to test it's falling 100- hour moving average at 1.09117 (currently). The moving average attracted sellers and the price started a move back to the downside. In addition to the technical selling clue,...
Major US stock indices trade to new session lows
The major US stock indices are now all in negative territory as London/European traders look to exit for the day. The NASDAQ index is leading the way once again. The last 2 days has seen the NASDAQ index fall by around 1.1% on each of the trading days. The current...
USDCHF trades in a sloppy up and down trading range, but there is a key area to eye.
Some people may look at the price action in the USDCHF and be turned off by the choppy up and down price action. Others may look at the volatility and see an opportunity (at some point, the price is going to break and run).In the video, I speak to the technical...
정부지원 대출! (직장인, 무직자) 14가지!
https://www.youtube.com/watch?v=IoLAosZjTSE 오늘은 다양한 종류의 정부지원 대출 제도 14가지를 소개해 드립니다. 직장인 10가지, 무직자 4가지, 이렇게 구분해서 도움이 될 만한 내용들을 개요만 간단히 설명드리고, 고정댓글에 있는 링크 통해서 본인에게 해당하는 대출 제도 더 자세히 확인해 보세요~ #정부지원대출 #저금리대출 MoneyMaker FX EA Trading...
USDCAD corrects lower on day, but there is work to do for sellers to take more control.
The USDCAD is lower on the day but there is work to do. More specifically technically, the USDCAD pair needs to get and stay below the 100-hour moving average at 1.34819 (and moving higher) to show the sellers can take back more control. That moving average was tested...
US weekly EIA natural gas storage change +35 bcf vs +34 bcf expected
Prior was +29 bcfThere was some talk of a bullish reading on this number due to higher power burn but that wasn't the case. Front month gas was up 7 cents to $2.66 ahead of the release.Storage build season continues and we're now into hurricane season, which could...
China’s struggling economy: Growing debt woes and market disillusionment
USD/CNH dailyI tend to think the only thing that matters in global markets right now is the latest candle in USD/CNH.We got a report today that China told banks to escalate yuan intervention and the market is taking that as a sign that a further significant...
US Leading index -0.4%% vs -0.4% estimate
For the news stations, the leading index fell for the 16th consecutive month. The index fell -0.4% vs -0.4% expectations. Last month the index fell -0.7%. The index is supposedly pushing toward a recession. At this point, it is the boy that cried wolf but perhaps at...
Why Capri Stock Skyrocketed by 55%, and What to Pay Attention to
Every single time you witness a random asset gaining dozens of percent, you might experience a touch of FOMO. And the next thought that might cross your mind is, maybe it’s not the end yet? Maybe another powerful and profitable hike is near? Or, at the least, a period...
US indices marginally higher to start the trading day
The US major stock indices are marginally higher as trading gets underway. The markets seem a bit hesitant to move higher. The NASDAQ index has declined by around -1.1% for 2 consecutive days. It is holding onto a very small gain 15 minutes into the open. A snapshot...