Jobs data from Japan and retail sales data from Australia on an otherwise sparse data agenda. Retail sales should attract some interest. For the previous month, November, the dollar amount was AUD36.5bn, a record monthly high. Expectations are for a dip in the...
The treasury borrowing announcment kickstarts stock and bond buying/dollar moves lower
The lower than expected borrowing numbers from the Treasury is leading to:Stocks moving higherBond prices moving higher/yields lower, and theUSD to the downside.Looking at the US stock market, the NASDAQ index is now up 163 points or 1.05%. The S&P index is up...
US dollar falls after the Treasury reveals a healthier balance sheet
One of the triggers in the rout on bonds in Sept/Oct of last year was rising US Treasury borrowing.However better growth and borrowing that was more-weighted towards short-duration turned the tide in all markets in late October. Since then, falling yields have helped...
Treasury Q1 quarterly refunding estimate $760 vs $816 billion 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,...
Crude oil futures and settle at $76.78
After rising to a high price of $79.29, the price of crude oil fell sharply to a low of $76.41. It is settling at $76.78. That's down $-1.23 or -1.58%.China's Evergrande was ordered to liquidate its holdings after failing on interest payments. That was cited as a...
The BOE and FOMC to keep rates unchanged but will they start to signal lower rates ahead?
The BOE and the FOMC will both meet this week. The BOE will announce their rate decision on Thursday at 7:00 AM ET. Meanwhile the FOMC will report its decision on Wednesday at 2 PM ET.Both central banks are expected to keep rates unchanged, but traders will be eyeing...
Stocks move higher as traders look forward to earnings/Fed
There is no fear of the Fed or of earnings in trading as the stocks move to new session highs. The S&P index moved up 13.74 points in the current hour of trading and in the process got within two points of the all-time intraday high reached on Friday at 4906.69....
US Treasury set to release quarterly financing estimates
The US Treasury will release its quarterly financing estimates at 3 pm ahead of Wednesday's quarterly refunding announcement. In this edition, the Treasury will announce how much it will need to borrow in the quarter ahead with estimates for further down the line. On...
US Set will renew Venezuela oil sanction in April if candidate barred
The US made a deal last year to drop sanctions through mid-April if free elections were held. At the time, Venezuela said it had hoped to boost production to 1 mbpd from 786k bpd.Chevron was also drilling to boost production in the country.That deal looks to be dead...
Super Micro Computer (SMCI) is reporting its earnings tonight. Short squeeze potential.
Mark your calendars for a significant financial update from Super Micro Computer, Inc. Common Stock, slated to unveil its earnings post-market close on January 29, 2024. This eagerly awaited report will shed light on the company's financial performance for the fiscal...
EURUSD bounces off the 50% of the move up from October low
EURUSD bounces of the 50% midpointThe EURUSD has traded lower today and in the process, the price moved below its 200 day MA at 1.0842 and into a swing area between 1.08030 and 1.0824 (see yellow area and red numbered circles on the 4- hour chart above). Initially,...
USDCAD sets it’s support and resistance targets . Trades between two levels
The USDCAD is trading up and down today with a high rate up at 1.3464, and a low price at 1.3425. In between, sits its 100-bar moving average at 1.34355.The range today sitting between a bigger range defined by it 200-day moving average above at 1.34828. The high...
SNB Jordan: Our expectation is that inflation will again rise a little
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,...
War council discussing a 45 day truce in Israeli Palestine conflict
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,...
Mixed results in the major European indices to start trading week
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,...
Ex Fed Pres.Lacker: There is a spread of optimism &some of that spread to Fed officials
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,...
Major indices remain mixed with the Dow down, the S&P unchanged and Nasdaq higher
The major US stock indices are trading mixed. The Dow Industrial Average is lower with a decline of -34.10 points or -0.10% at 38070. The S&P is near unchanged with a decline of -2.5 points or -0.05%. The NASDAQ indexes up marginally with a gain of 15.85 points or...
PCE Data Unleashed: Anticipating the USD/JPY Reaction
U.S. Economic Data Reaction: The USD/JPY pair's response to U.S. GDP and jobless claims data has showcased the currency's sensitivity to American economic health indicators.Central Bank Speculations: Futures markets are reflecting a near 50% chance of a March Fed rate...
Dallas Fed manufacturing index -27.4 in January versus -10.4 in December
Dallas Fed manufacturing business index tumbles lowerDallas Fed manufacturing index of general business activity fell to -27.4 in January versus -10.4 in December 2024.Output index -15.4 versus +1.2 in Decemberlooking at some of the key components:production fell to...
Negotiators from Israel, US, Egypt and Qatar have agreed on framework for hostage release
Negotiators from Israel, US, Egypt, and Qatar have agreed on a framework for the release of remaining American and Israeli hostages.Meanwhile, the USD Defense Secretary Austin is on the wires saying:Expresses sorrow, outrage over the deaths of US troops in Jordan...