Daily Market Intelligence 6:13:22
It’s all about the Bond reaction to the balance sheet and tomorrows Q&A. Does the 30 Yr. Yield breakout of its 40 year trend line or do we see a big short covering rally in the Futures. FX should follow … Continue reading
The board was run early by EURCHF. FX had a significant move today. Gold needs another day to set up for another move. The general hard asset trade was on in a big way. Copper, Energy and Commodity houses. Risk … Continue reading
Yield curve drove the early trade keeping risk spreads positive. The steepening long end provided an opportunity in the Spoo’s to buy a break. 30-5 yield has an ORH day. 30 yr. yield is shy of its 200 DMA with … Continue reading
Daily Market Intelligence 11-15-21
There is no change in the overall picture. The rotational trade continues. Monday Currency Futures expire.
FX Futures Expiration Forwards of interest; Euro…+24 Swiss…+23 Peso…-51 The rest are negligible. Indices are @ approximately 50% of last weeks range. New direction generally picks up just after 9 A.M. CDT today. Pound was the low hanging fruit in … Continue reading
Daily Market Intelligence 5-1-20
Spoo’s have responded to an utter lack of leadership. Trade the level on the sheets. 100X3 shows a retrace of Sunday night. Closing below the qtrly pivots in the Indices will lead to lower lows. Gold/FX had a bounce off … Continue reading
Italian Bonds were bought against the rest of Europe. In FX land i have my doubts that this Dollar sell off gets much farther, although the KIWI looks to probe 67.11 (its 200 DMA). Indices…no desire for the short side … Continue reading