Blogs

<p>Voters in Taiwan head to the polls on Saturday in a three-party race between:</p><ul><li>Democratic Progressive Party (DPP)</li><li> Kuomintang (KMT) </li><li>Taiwan People's Party (TPP)</li></ul><p>The DPP currently has a majority with 63 seats followed by KMT with 38 and TP

<p>The weekly Baker Hughes rig count data is showing:</p><ul><li>Oil rigs -2 to 499</li><li>Gas rigs -1 to 117</li><li>Total rigs -2 to 619..</li></ul><p>The price of WTI crude oil is trading up $0.50 or 0.69% at $72.52. That is well-off the high price of $75.25. The low price today

<p>The EURJPY is testing a cluster of technical levels including the 100 hour MA, the 100 day MA and the 50% all within a few pips of each other. Below that – and not far away- is the low of a swing area. </p><p>With several technical levels centered in a fairly narrow range, the dynamics […]

<p>The USDCAD is pushing back to the upside in what has been a volatile up-and-down trading day. That is congruent with a volatile up-and-down trading week. The high price this week was reached yesterday when the price extended above a swing area between 1.3398 and 1.3414. The high price reached 1.3442. But I returned to […]

<p>This has been a tricky week to trade as it's been a series of U-turns in almost everything. The latest one is in the US dollar as risk trades begin to sag. The commodity currencies have now given up all their gains and are trading flat.</p><p>The S&amp;P 500 is only down 8 points but have […]

<p>The ETFs came and yesterday's volume numbers were big but not as big as I thought they would be for some of the most-hyped financial products ever created. </p><p>Now the pain trade is hitting with bitcoin down nearly 6%.</p><p>I also wonder — if on-exchange ETF buyers are now the marginal purchaser, what

<p>The rule of thumb on geopolitical moves in oil is to fade the pops. Today's rip on Yemen bombing is yet-another example. WTI crude oil traded as high as $75.28 but has slid all the way back to $73.05. It's still up $1.09 on the day but it's tough for 'fear of war' to sustain […]

<p>The all-time high close for the S&amp;P index is at 4796.57. Back on December 28, the high price reached 4793.19 and backed off. Yesterday the high price extended above the all-time high close reaching 4798.50, but backed off. Today's high price extended to 4802.40 and with the current price trading at 4776.91 has backed off [&hel

<p>The question on everyone's mind today is: Why is the bond market rallying so hard?</p><p>US 2-year yields are down 11 bps and Fed funds now price in 164 basis points of cuts.</p><p>One answer may be that indications for the Fed's preferred measure of inflation — the PCE report — are falling. Ec

<p>The USDCHF has moved lower after the weaker-than-expected PPI data. That news sent yields in the US tumbling to the downside, and has now pushed the price of the USDCHF below its 100 and 200 hour moving averages near 0.8508 (dollar selling). </p><p>The low-price extended to the low-price from yesterday at 0.8487. Looking at the