High yield 1.495%WI level at the time of the auction 1.546%Tail -5.1 basis pointsBid to cover 2.51X (previous 2.31X) Directs 12.67% vs previous 5.9%Indirects 85.84% vs previous 76.4%Dealers 1.49% vs previous 7.7%The last 10-year TIPS was on May 18th. Strong demand.The...
VIDEO REVIEW: The USD is moving to new highs vs the EUR, GBP, JPY, CHF and NZD. What next?
The USD is continuing its move into the upside and trading to new highs versus a number of the major currencies including the:EURGBPJPYCHF and NZD (I also look at the USDCAD which is running into resistance).I look at each of those currency pair and outline the bias,...
30yr fixed rate mortgages 6.78% in the week ending July 20th (prev. 6.96%) – Freddie Mac
Freddie Mac is reporting the 30 year fixed rate mortgage rate fell to 6.78% in the week ended July 20. Last week the level came in at 6.96%.The move lower is a reaction to the lower yields in the treasuries as a result of lower than expected CPI data last...
AUDUSD returns to the closing level after run higher today fails
The AUDUSD raced higher in the Asian session on the back of better employment data. However, the run to the upside saw buyers extend a swing area near 0.6839 to a high of 0.68463, but that run was short-lived. Buyers turned to sellers and the run to the downside...
Euro extends decline to 1.1130 as the dollar stays hot
The US dollar is strong across the board today and that's weighing on the euro, which ended an 8-day rally this week. Yesterday, I talked about the opportunity to sell the euro in a video but didn't mention targets.An initial one is 1.1095, which was the old series of...
European equity close: Good gains across the board
Closing changes in Europe:Stoxx 600 +0.5%German DAX +0.6%Francis CAC +0.8%UK's FTSE 100 +0.8%Spain's Ibex +0.7%Italy's FTSE MIB +0.4%European stocks haven't had the highs of the tech-driven US rally, but they also haven't had the volatility.STOXX 600 dailyMoneyMaker...
USDCAD spikes to 200 hour MA @ 1.21917. It will take a move above to increase bullish bias
The USDCAD spike higher, and in the process moved up to retest it at 200-hour moving average at 1.31917. Sellers leaned against that upper moving average level (green line in the chart below), and corrected the price modestly to the downside. If the buyers are to...
EURUSD cracks below the 200 hour MA for the first time since July 7
EURSUD falls below the 200 hour MAThe EURUSD is breaking to a new low and is now below the 200-hour moving average 1.11544. As outlined in the morning video (click on the video link below), the price has not traded below that level since July 7. Earlier today, the...
Here is the path to a 6% Fed funds rate — and beyond
There is an interesting debate about whether July or September will be the final Federal Reserve rate hike of the cycle but for markets it doesn't really matter. A terminal rate of 5.25-5.50% or 5.50-5.75% isn't material.Where it gets interesting is at 6% and above...
USDJPY breaks above the 140.00 level. What next?
The USDJPY is breaking above the 140.00 level. There was a bunch of option expiry's at the 140.00 level today and after 10 AM ET option expiration time, the price rotated higher and has since broken above that level. The next target in the USDJPY comes against the...
The USDCHF is moving higher. Higher yields are help the bias, but work to do technically
The USDCHF is making a break to the upside after extending above the 100-hour moving average at 0.85913 (blue line in the chart below). The price of the pair has moved up to test the high price from Monday and Friday at 0.86307. Sellers leaned again against the level...
Eurozone consumer confidence flash for July -15.1 vs -16.0 estimate
Eurozone consumer confidence inches higherPrior -16.1Consumer confidence in the Euro area flash for July 2023 -15.1 vs -16.0 estimateThe EU confidence moved up to -16.1 (up 1.1)Looking at the chart above, the confidence level is inching higher from 2022 lows. The...
US June existing home sales 4.16M vs 4.20M expected
US existing home salesPrior was 4.30MInventory of homes for sale 1.08M vs 1.08M priorSupply at months 3.1 months vs 3.0 months prior (balanced is considered 6 months)Median sale price $410.2K vs $396.1K priorMedian sale prices -0.9% vs -3.1% y/y priorInventories are...
NASDAQ is lower. S&P is near unchanged. Dow is higher.
The NASDAQ is lower. The S&P is near unchanged. The Dow is higher. The doubt is trying for the 9th consecutive positive day. The S&P and NASDAQ have been up 7 of the last 8 trading days. Tesla and Netflix earnings last night have those shares lower with the...
부업으로 초등학생 조카랑 내기했습니다. 스마트폰 하나로 돈버는 법, 부업 이 영상으로 끝내겠습니다.
https://www.youtube.com/watch?v=3Gqlirdlm_A 부업영상들 많이 보셨을 텐데 이 영상 하나만 보시면 됩니다. 부업이랍시고 사업자니, 장비니 등등 준비하는데 쏟을시간에 그냥 당일에 바로바로 가능한 부업을 하셔야합니다. 사업은 사업을 할 때 하시는거고 부업은 말 그대로 본업외적인 시간에 하는게 부업입니다. 의미를 잘 알고 그 방향성일 잃지말고 가셔야해요. 여러분들의 시간을 아껴드리겠습니다. 다른영상 안보셔도 됩니다. 그만큼 자신있어서 하는 말이니 꼭...
The GBPUSD sellers are taking the price below the 50% midpoint. Can the momentum continue?
The GBPUSD moved sharply lower yesterday after better UK CPI data. The run to the downside stalled against the 50% midpoint of the move up from the end of June low to the high reached the last week. That level came in at 1.28658. The subsequent corrective move higher...
USD/JPY is having another look at 140
Watch for buy stops in USD/JPY if 140.00 gives way.The FX market had a couple looks at 140.00 yesterday but failed at 139.99 both times, creating an interim double top that resulted in a dip down to 139.12.The dollar is bid once again today after a low initial jobless...
The EURUSD chart now looks like the chart yesterday. What is needed to change the view?
The EURUSD chart (at this point at least), looks like the chart (and video) from yesterday. The price has moved below the 1.1184 level after testing its 100-hour moving average earlier today. The close risk is now at 1.1195. On the downside, the next target comes...
Nasdaq Composite Technical Analysis – Key Level in Sight
Following the miss across the board in the US CPI report, the market is increasingly confident that we are heading towards a soft landing. Such expectations are also supported by the strong labour market, as was confirmed again by the US Jobless Claims last Thursday,...
Teranet June Canada house price index +2.2% m/m
Prices up a seasonally adjusted 2.2% in JunePrices up 2.6% non-seasonally adjusted -- fourth consecutive increaseIndex down 5.1% y/yThere's a line of thinking that the Bank of Canada made a big mistake in halting rate hikes just before the busy spring home-buying...