daily-market-intelligence-12-15-16
The correction in the currencies abated going into London’s opening with the strength of the Bund vs the U.S. 10 yr. continuing to bring out sellers in the Euro. Yen had the biggest straight dollar correction, with the crosses against … Continue reading
Daily Market Intelligence 11-28-16
USD/JPY… Keep a tight leash on your trailing stops if you’re in the Long dollar trade. 108.70 into the may 2016 reversal @ 109.10 is Yen Support ( USD/JPY resistance) If the Bonds see some short covering late, this could … Continue reading
USD/CAD…Weekly USD/JPY… Spu’s…Couldn’t quite reach its 50 DMA@ 2152. Weaker energy prices will make this a time frame trade the rest of the day. Buy Breaks/ Not rallies FEDEX 30 Yr. Bonds…the macro levels have not changed. The Equity/Bond spreads … Continue reading
Daily Market Intelligence 10-10-16
Time Frame Trading today. Capital flows abated on the U.S. Pit Bond close yesterday. We’re seeing the back and fill. The instruments maintaining direction and flow through are the British Pound and Yen which continue to weaken. There is no … Continue reading
Oil…The September (U) contract is rolling to Oct.(V) with volume 2/1 Oct. With the September contract expiring Monday I’m looking for the Oil complex and related names to be strong into Monday afternoon. Sector rotation continues with the Equity … Continue reading
Soybeans are firm above 9.74 Corn needs sustained price action above 3.38 to gain upside momentum. Markets have had the general Friday-Monday Risk On follow through one would expect with the Yen crosses being bid. I’m paying particular attention to … Continue reading
Gold…is still holding matrix support @ 1307 (Q). Below it will get weak fast. Those buying Gold against the trend line or for a longer term play should keep a tight leash on this. It would take a close over … Continue reading