US 10 year yieldsThe days of high yielding safe investments may be over for a generation.Jamie Dimon is continuing to warn about inflation but the bond market has moved on. Breakeven rates are below 2%, implying that the Fed is more likely to undershoot its target and...
ECB’s Kazaks: Interest rates will continue to be lowered
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BofA: We look to fade any hawkish knee-jerk FOM reactions
BofA advises against reacting to any initial hawkish market responses following the September FOMC meeting. They anticipate a 25bps rate cut and expect the Fed’s dot plot to exceed market expectations, but expect Powell’s tone to remain dovish.Key Points:Market...
After trading to new lows going back to July 2023, the USDJPY has moved back higher.
The USDJPY moved to the lowest level since July 31 2023 after falling below the end of December low at 140.248. The low price extended to a somewhat random level at 139.570 before rotating back to the upside. That move has now taken the price back above the end of...
WH Brainard: It is now important to safeguard progress in US labor market
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
European equity close: A tad on the soft side
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
AUDUSD extends above 100 bar MA on the 4-hour chart at 0.6733. Stay above is more bullish.
The AUDUSD on Friday, found support buyers at the 200-hour MA (currently at 0.66949). Earlier on Friday, sellers leaned against the 100 bar MA on the 4-hour chart at 0.6733. Today, the buyers took control once again near the 200 bar MA in the early Asian session, and...
Oil squeezes higher as specs bet heavy against crude
oil dailyWe've seen this pattern a few times recently: Positioning data released late on Friday shows extremely negative positioning in oil and on Monday there is a squeeze higher.Unfortunately, the gains haven't lasted, at least not recently. There are already signs...
Buyers and sellers ping-pong between 100 bar MAs in NZDUSD. Traders wait for the break.
The last two trading days in the NZDUSD have developed a pattern. That pattern is to ping-pong between the 100-bar moving average on a 4-hour chart on the topside (currently at 0.61967), and the 100-hour moving average on the downside at 0.61565. In between sits the...
Canada extends 30-year mortgage ammortization for newly-built homes
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USDCAD buyers have created a floor, but there is upside work if the buyer are to control.
The USDCAD has been consolidating over the last 4-5 trading days. After reaching the high on Tuesday and Wednesday last week, the price has seen lower highs including today's high (so far at least).However, the lows since midday Tuesday has bottomed near 1.3564. That...
USD/JPY climbs back above 140
USD/JPY 10 minsThe strongest NY Fed manufacturing PMI since April 2022 helped to lift USD/JPY off the floor. The pair touched as low as 139.59 today but rose around 40 pips on the PMI and has continued to track higher, rising to 140.55.Aside from JPY, the US dollar is...
The ‘should’ versus ‘will’ debate
I could probably count a dozen instances in the past week or so of economists I respect saying the Fed should cut 50 basis points but probably will only cut 25 bps.At some point, that chorus grows so loud that it tips the balance. We're likely at that point now with...
Tech struggles as healthcare and energy lead: Navigating today’s market shifts
Stock heatmap by FinViz.com Mon, 16 Sep 2024 13:46:16 GMTSector OverviewThe stock market today presents a mixed bag with distinct sector performances as reflected on the heatmap. Technology is facing challenges while healthcare and energy sectors are showing...
US stocks are mixed to start the US trading week.The S&P and Nasdaq win streak in jeopardy
US stocks are mixed to start the trading week. The Dow is higher (and trading at a new all-time high), but the broader S&P and NASDAQ indices are lower. Recall that last week both of those indices rose each of the trading days for the week. That came after sharp...
Kickstart the FX trading day for Sept 16 w/a technical look at the EURUSD, USDJPY & GBPUSD
FIn the kickstart video for September 16, I take a technical look at the 3 major currency pair vs the USD - the EURUSD, USDJPY and the GBPUSD.This week, the US Fed, Bank of England and the Bank of Japan will all meet. At their last meetings the BOE cut rates by 25...
Former NY Fed Pres Dudley says it’s time for 50 basis points
DudleyIt's been quite a turn for former New York Fed President Bill Dudley. Back in late May, he was calling for the Federal Reserve to hike rates further but now he's saying they should be cutting by 50 basis points.The two objectives of the Fed’s dual mandate —...
Canada July manufacturing sales +1.4% vs +1.1% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Empire Fed Sept manufacturing survey +11.5 vs -4.75 expected
Empire FedGeneral business conditions 11.5 versus -4.7 priorBest reading since April 2022New orders 9.4 versus -7.9 priorShipments 17.9 versus 0.3 priorUnfilled orders 2.1 versus -7.4 priorDelivery times -1.1 versus -3.2 priorInventories 0.0 versus -10.6 priorPrices...
ECB’s Lane: Incoming data on wages and profits have been in line with expectations
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...