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<p>The price of WTI crude oil futures are settling at $71.32. Will That's up nine cents on the day or 0.13%. The low price reached $70.35. The high price reached $71.81. Last week the low price extended to $68.80 before rebounding on Thursday and Friday. The price is now up two days in a row.</p><p>Looking […]

<p>This week is significant for the financial markets as both the Federal Reserve (Fed) and the European Central Bank (ECB) are set to announce their interest rate decisions. Current expectations suggest that rates are likely to remain unchanged. However, the market sentiment is gradually shifting towards anticipating a rate cut as the next s

<p>Goldman Sachs advises against taking a short position on the Swiss Franc at the current juncture, arguing that the market may be overestimating the impact of currency intervention by the Swiss National Bank (SNB).</p><p>Key Points:</p><ul><li>Overemphasis on Intervention: Goldman Sachs suggests that the signif

<p>Bitcoin has now erased most of last week's gain.</p><p>Prices of bitcoin have dropped 8.9%, or $4000 today to $40,550. The selling started in Asia without a catalyst and has continued today. Some eyes were on long options bets that were liquidated.</p><p>A bitcoin spot ETF is a sure thing in my mind but there h

<ul><li>High Yield: 4.296%</li><li>WI level at the time of auction 4.282%</li><li>Tail: 1.4 basis points, Six-auction average 0.9 basis points</li><li>Bid-to-Cover: 2.53X, Six-auction average 2.49x</li><li>Dealers: 17.3%, Six-auction average 14.6%</li><li>Directs (a measure of

<p>The Dow Industrial Average did dip into negative territory by -16.69 points but has been mostly positive for most of the day. </p><p>The S&amp;P has traded above and below unchanged by around 10 points in either direction. </p><p>The Nasdaq index has been negative all day. The price has been chipping away at the

<p>The U.S. Treasury will next auction off $37 billion of 10-year notes at the top of the hour. Earlier the treasury auctions off through your notes which was met with tepid demand.</p><p>Below is a summary of the previous 6-month averages of the major components used to evaluate demand:</p><ul><li>High Yield: Pr

<p>EURJPY is currently witnessing a notable shift as buyers are increasingly asserting their presence. They have successfully pushed the pair above a critical swing area, which spans between 156.78 and 157.04. Furthermore, the price has managed to climb above the 100-hour moving average, marked at 157.123. This movement also includes fluctuat

<p>The AUDUSD currency pair is currently experiencing limited movement within a confined trading range. Notably, there's a visible hesitation to drop below the 38.2% Fibonacci retracement level, which traces back to the rise starting from the low on November 10. This critical level is identified at 0.65552. Should the pair consistently t

<ul><li>Prior was 4.701%</li><li>Bid to cover 2.42 vs 2.67 prior</li></ul><p>The 1.7 bps tail is a surprise and should help to underpin the US dollar, though it's tough to make a move ahead of more supply. This will make the market jittery ahead of the 10-year reopening in 90 minutes.</p><p>