Blogs

<ul><li>October was -67B</li><li>Last November was -$249 billion</li></ul><p>The deficit talk sure goes quiet when yields go back down.</p> This article was written by Adam Button at www.forexlive.com.

<p>It's tough to find any sellers in the US equity market. </p><p>Once again today, a soft start has turned into a decent gain in the Nasdaq Composite. It's up 0.4% in the fourth straight day of gains. A turn in the Treasury market has helped to sustain the bid today (US 10s now down 3.6 […]

<p>ECB policymakers are beginning to reframe the inflation from a tough, long slog into a surprisingly short battle, that's essentially won. That's the kind of thing a central bank does before making a dovish pivot.</p> This article was written by Adam Button at www.forexlive.com.

<ul><li>High-yield 4.344%</li><li>WI level at the time of auction 4.347%</li><li>Tail -0.3 basis points versus 6-month average of 2.1 basis points</li><li>Bid to cover 2.43X vs 6-month average of 2.40X</li><li>Dealers 14.23% vs 6-month average of 15.2%</li><li>Directs 17.3% vs

<p>The US treasury will auction off $21B of 30 year bonds at the top of the hour. The auction is the last of the coupon auctions front-loaded ahead of the FOMC rate decision tomorrow at 2 PM. Yesterday, the treasury did double duty with the auction of 3 and 10-year issues. In the old days, […]

<p>The EURGBP made a break higher today and in the process extended above the high of a swing area between 0.8583 and 0.85877 (<a href="https://www.forexlive.com/technical-analysis/eurgbp-20231211/" target="_blank" rel="follow">SEE video from yesterday here</a>). </p><p>The price of the EU

<ul><li>Stoxx 600 -0.2%</li><li>German DAX flat</li><li>UK FTSE 100 +0.1%</li><li>French CAC -0.1%</li><li>Italy MIB -0.3%</li><li>Spain IBEX -0.8%</li></ul><p>The moves today were small but a deeper retracement wouldn't be a surprise given the huge moves

<p>The ups and downs in the AUDUSD continued in trading today. The low in the Asian session found support buyers against the 38.2% retracement of the move-up from the December 10 low. That retracement level came in at 0.6555. The low price reached 0.6659.</p><p>The subsequent move to the upside took the price above its 100-hour [&

<p>US equity market implied volatility is collapsing. The VIX is down another 4.2% today and is near 12.0, which is the lowest since before covid.</p><p>The market is buzzing with all kinds of talk about the mechanical reasons for the decline, including heavy options trading and year end.</p><p>But the main reason is t

<p>Today's trading is starting to remind me of the brutal chop after non-farm payrolls on Friday.</p><p>We've now seen two USD moves post-CPI and are in the midst of a third. It's left the dollar back to where it started the trading day against the pound.</p><p>The rebound in cable comes with a sustained