Lower rates anytime soon? Good luck with that! Indicies Gap higher in a raging Bull. Spoo/Bond should run into trouble in another 10 points. It will not be the high in the Indices, only a spot for a little back … Continue reading →

Last night’s Podcast wit FRA. Thanks Richard https://youtu.be/LRIZichbXbA There is room for the Real to strengthen. South African Rand bottomed the beginning of June on the daily, however the qtrly chart shows that further upside from here is problematic. Shanghai … Continue reading →

I’m not interested in chasing anything today. Grains are at the upper end of value for the past couple of months. Oil seems to want higher. I’ve no interest in chasing the rally in Bund going into Thursday’s ECB. Big … Continue reading →

All about China. Mexican Peso vs Yuan shows a shift towards risk off in the U.S. Initially, Sell big rallies in our Indices today. Yuan denominated assets from Gold to Grains have been trading weak since the new stimulus plans … Continue reading →

China announced stimulus last night rallying the Aussie. Yen/Yuan …once again I don’t trust the pattern. 30 yr. is becoming a range trade. The bottom of which is now 124 on the 32X3. 240 min. Spoo/Bond is at resistance. Sustaining … Continue reading →

Late yesterday we had a conversation about FX and Gold. Gold remains strong today against most currencies with the exception of the Euro. 85.10 USDCHF is the up yours level. Rejection here will lead to a couple of figure rally … Continue reading →

European debt has been running the show. A rally in the Bund to it’s 50 DMA, matching its qtrly pivot and the U.S. 30 Qtrly pivot, saw Gold buy stops get elected about 40 minutes ago. The game is tomorrow … Continue reading →

Indices have hit my initial targets on Friday with a match @ Nvidia’s 479 target. Banks, for the most part, all saw ORL days on profit taking after JPM earnings. Today we’ll see what is real. I’m looking for pressure … Continue reading →

The only Risk spread that has backed off this week has been Dow/Bonds. I view this as just spreading vs the Nasd. The U.S. (Pit Session) is not confirmed by Globex. Spoo/Bond is currently slightly lower on the week. JPM … Continue reading →

30 Yr. Bond has been running the show. CHF/JPY has been holding the 159.08 breakout on retests. Euro is into a level that is a take profit area. I see limited upside without further price action. It needs time or … Continue reading →