RBA put rates on hold resulting in a good bid to the dollar. Yra explained the $40 dollar forward in Gold with some back of the envelope math yesterday. Interest rate differentials are moving FX. Nasd will need to close … Continue reading →

Month end. Those that sell all day because we can’t possibly go any higher will be in for a long day. Yen crosses pretty much says it all. After this week I’m looking for a slow couple of weeks as … Continue reading →

Know what you are trading!!!!!!!!!! There is a big difference between a Daily Continuation and an active chart!! Gold rolled yesterday with a $40 premium to December. AUD/JPY saw most of the volatility of BOJ. Trade is over for now. … Continue reading →

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 →