Blogs

<p>US 10-year yields earlier rose as high as 4.01%, which was back to the levels immediately after the December FOMC decision. Since then, bids in bonds have returned, driving yields down to 3.948%.</p><p>I'll be watching close to see if the dollar gives back gains, particularly USD/JPY. </p><p>This move lower in

<ul><li>Participants viewed policy rate as likely near its peak</li><li>Members generally viewed addition of 'any' to statement as an indication that rates likely near peak</li><li>'A number' of participants highlighted uncertainty around how long restrictive policy would need to be maintained

<p>The most-popular trade of 2023 was parking money in cash and cash equivalents: Money flooded into things like US dollar-denominated T-bills. As rates come down, much of that money will be looking for a new home. Where will it go?</p><p>Let's assume this is the top of the rate cycle and you're sitting on a pile [&helli

<p>The Atlanta FedGDPNow estimate for 4Q growth rises to 2.5% from 2.0% reported yesterday. In their own words:</p><blockquote>The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.5 percent on January 3, up from 2.0 percent on January 2. After this morning’s release of

<p>The price of crude oil has continued its run to the upside and is now up close to $2 or 2.85%. The low for the day reached $69.28. The high has now reached $72.90. THe current price is trading at $72.40. </p><p><a href="https://www.forexlive.com/news/oil-up-more-than-1-after-terrorist-attack-in-iran-and-20240103/"

<p>The USDCHF broken above the 200 hour MA and the 38.2% earlier today and moved toward an upside swing area between 0.8548 – 0.8565 . After a corrective move lower took the price below the broken 38.2% at 0.85185, the 200-hour MA near 0.8507 did hold. </p><p>The inability to move back below both those levels […]

<p>Closing changes:</p><ul><li>Stoxx 600 -0.9%</li><li>German DAX -1.5%</li><li>UK FTSE 100 -0.6%</li><li>French CAC -1.7%</li><li>Italy MIB -1.5%</li><li>Spain IBEX -1.3%</li></ul><p>This was the first day of real selling in French stocks since Oc

<p>The USDJPY broke above its 200-day moving average at 143.07, and the break of that level has seen upside momentum. </p><p>Going forward, it would take a move back below that 200-day moving average to negate the technical break. There is some minor upside target area between 143.929 and 144.09 (above and below 144.00). However,

<p>All real signs continue to point to an imminent spot bitcoin ETF approval and that process continues to grind ahead. A Fox News reporter says that today the </p><p>The SEC is meeting with exchanges including Nasdaq, CBOE and NYSE to review comments from bitcoin ETF issuers on their filings for ETF approval.</p><p>Bi

<p>The ISM manufacturing and JOLTS data was good news on hopes for declining inflation and a slowing economy but hoping for those reports to turn the market around in a week that's entirely dominated by flows is a tall order.</p><p>After a brief pop in risk assets, they've now sank to the lows of the day. […]