Blogs

<p>The EURGBP buyers are making a play today with a break above its falling 100 bar MA on the 4-hour chart. That level comes in at 0.8559. If the buyers can stay above that level, they would have the short-term control in this currency pair. The next upside target comes at 0.8583 – 0.8587. The […]

<p>The Fed's Senior Loan Officer survey or SLOOS has been released:</p><ul><li>US banks during Q4 reported tighter standards for households, weaker demand for C&amp;I (commercial and industrial) loans and CRE (Commercial real estate) loans</li><li>US banks are reporting tighter lending standards to house

<p>Fed officials are out of the quiet period after last week's rate decision. Fed's Goolsbee is not shy to weigh is ASAP (he was chatting on Friday). Fed Chair Powell went on 60 minutes over the weekend. Fed's Mester, Barkin and Kugler are all scheduled to speak this week. </p><p>Fed's Bostic is getting into th

<p>The US yields are coming off the boil that had the 10 year get within 2 basis points of the 2024 high yield of 4.196%. The high yield today reached 4.177% and is currently at 4.147%. </p><p>Although off the boil, the 10 year yield did move back above the 200 day moving average today at […]

<ul><li>King Charles of Britain diagnosed with cancer, confirmed by Buckingham Palace.</li><li>The cancer is clarified not to be prostate cancer.</li><li>King Charles remains positive about his treatment and aims to return to full public duty soon.</li><li>He disclosed his diagnosis to prevent specula

<ul><li>UK economic activity has been quite weak</li><li>Supply side constraints are committing GDP growth</li><li>The pickup in GDP is not going to be dramatic</li><li>It is early days to say that inflation has been suppressed</li><li>Expects UK inflation to fall close to or even below it

<p>The NASDAQ index is clawing back its declines. The index low of 15471.68 took the index down -157.27 points at session lows. It is currently down -26 points or -0.16% at 15604.76. The high price has reached 15633.86.</p><p>The S&amp;P is also taking back some of the declines. It is really down around 11 points or […]

<p>The major US stock indices are mostly lower, but declines in the German DAX, France CAC and UK FTSE 100 are modest, and Italy sees gains. </p><p>A snapshot of final numbers shows:</p><ul><li>German DAX -0.08%</li><li>France CAC, -0.03%</li><li>UK FTSE 100 under an -0.04%</li><l

<p>The price of gold is continuing its move to the downside today with a decline close to $19.Higher US yields and a higher US dollar are helping to push the price lower. </p><p>Having said that, technically a key swing area is being approached by traders. That area comes between $2009.42 and $2012.74 (see video) It […]

<p>The USD is trading to a new four-week high helped by rising yields. The 10-year yield has moved back above its 100 day moving average at 4.173%. The next key target comes against the January highs near 4.20% (I take a technical look at the 10 year yield in the video).</p><p>In this video, I also […]