Daily Market Intelligence 3/9/23

2 Yr. Yields is the game.

Anything near a 5.3 yield the first time up should provide price rejection.
Whether it turns into more than a short term trade, only time will tell.

The world will be in play tonight going with European Debt Roll.

With the 2 year at the .618 of life of contract and Gold in2 Yr. Yield close to its 1980 high, I’m lookin g for a mid-week shuffle Full Moon change.

Spoo’s were pressured all day but the resistance of the long end once again drew in traditional buyers

ThuMar 9 12:00am JPY Prelim Machine Tool Orders y/y -9.7%
12:30am EUR French Final Private Payrolls q/q 0.0% 0.0%
6:30am USD Challenger Job Cuts y/y 440.0%
7:30am USD Unemployment Claims 195K 190K
9:00am USD FOMC Member Barr Speaks
9:30am USD Natural Gas Storage -76B -81B
12:01pm USD 30-y Bond Auction 3.69|2.2
12:30pm CAD Gov Council Member Rogers Speaks
3:30pm NZD BusinessNZ Manufacturing Index 50.8
3:45pm NZD Manufacturing Sales q/q 5.1%
5:30pm JPY Household Spending y/y -0.2% -1.3%
5:50pm JPY PPI y/y 8.4% 9.5%
Tentative JPY Monetary Policy Statement
Tentative JPY BOJ Policy Rate -0.10% -0.10%

This entry was posted in Archive. Bookmark the permalink.