HOME

[prisna-google-website-translator]

MY.BLOGTOP10.COM

이 블로그는 QHost365.com 을 이용합니다.
도메인/웹호스팅 등록은 QHost365.com

The oil market is fed up with production growth

The oil market is fed up with production growth

It's a buy-everything market today, with one big exception.Oil fell sharply today in the past two hours. The catalyst: US oil drilling rigs rose by 5 in the latest Baker Hughes weekly count. OPEC+ now has around 5 million barrels per day of spare capacity and there's...

read more
The market-Fed reaction function has changed

The market-Fed reaction function has changed

This has gotten out of hand -- The rate cut pricing just won't stop.US 2s are down 15.6 bps to 4.55% and Fed funds futures are pricing in 132 bps of cuts next year. Pricing for the first cut on March 20 is now at 73%.It's tough to square this with a series of Fed...

read more
Gold touches an all-time high at $2075

Gold touches an all-time high at $2075

Gold dailyThis is the moment of truth for gold. I like the setup here, as I always do on December seasonals. In addition, the Fed is going to pivot dovishly and the dollar looks out-of-gas.Gold is now up $35 on the day at $2071. I don't get the sense that gold is...

read more
Atlanta Fed Q4 GDPNow 1.2% vs 1.8% prior

Atlanta Fed Q4 GDPNow 1.2% vs 1.8% prior

The latest tracker from the Atlanta Fed fits into the market's narrative of falling growth. The problem would be if it falls below 0% but 1.2% is still fine."After this morning’s construction spending release from the US Census Bureau and the Manufacturing ISM Report...

read more
Baker Hughes US oil rig count 505 vs 500 prior

Baker Hughes US oil rig count 505 vs 500 prior

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,...

read more
Everything is up today. Is sentiment too bubbly?

Everything is up today. Is sentiment too bubbly?

Risk trades are running wild today. November was one of the best months for equities ever and we've picked right up in December with small caps joining the party and the Russell 2000 up 2.1%. Bonds are bid as well with yields at multi-month lows across the board. In...

read more
Weekly Market Recap (27-01 December)

Weekly Market Recap (27-01 December)

BoJ Governor Ueda continues to be uncertain about them hitting the 2% target sustainably:Cannot say with conviction that inflation will hit 2% sustainably.Japan economy is recovering moderately.The output gap has narrowed to near zero.Some positive signs seen in wages...

read more
Powell Q&A starts now. Watch live

Powell Q&A starts now. Watch live

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,...

read more
USD/JPY slumps after ISM manufacturing and Goolsbee

USD/JPY slumps after ISM manufacturing and Goolsbee

On the face of it, today's miss in the US ISM manufacturing survey wasn't a big one. It was at 46.7 compared to 47.6. But I don't think the consensus was accurate for what the market was expecting due to an extremely strong regional print yesterday. That had people...

read more
US November ISM manufacturing PMI 46.7 vs 47.6 expected

US November ISM manufacturing PMI 46.7 vs 47.6 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,...

read more