Fresh highs/lows in: EUR/USD USD/JPY AUD/USD USD/CAD NZD/USD The dollar has had a steady bid since new York arrived. Treasury yields and stocks have been creeping higher as well. It’s not a headline-driven trade but appears to be flow-driven and general selling of EUR/USD on political
Designation will tighten sanctions Will announce further sanctions on Tuesday Trump says will further impose sanctions and penalties on North Korea
Merkel said he’s not afraid of new elections Merkel talking tough but it could just be posturing. That said, it doesn’t sound like she’s too eager to form a coalition. In regards to working with a minority government, she said «I’m certain that new elections are the better
Bulls a little more in control. The GBPUSD moved higher in the Asian session. but trades around the mid-range currently.The high today took out the high from last week at 1.3259 and peaked at 1.32785. That was the highest level since November 2nd. It was right on the swing high from October 26th. That peak against a […]
Sellers pushing back lowerThe 100 day MA is being tested in the EURUSD at 1.1751 (trading a little below now). Earlier in the Asian session, the level was broken and key support at 1.16716-24 was tested (see earlier post) We are back below as bears taking more control after the London morning squeeze back higher.
UK authorizes larger term funding payments Bank of England Gov Carney asked to expand the size of the term finding scheme by 25 billion pounds and Chancellor of the Exchequer Phil Hammond approved it. In a statement, Carney said the larger scheme will help ensure low rates are passed into the economy. Someone will see […]
2.4B expires at 112.30Mike tells me, the 112.30 level has 2.4 bln expiring at 112.30 and we currently trade at 112.30. Options expire worthless at the strike price. That benefits sellers of option who want to see the decay go right to 0. That his the best case scenario. That may be what the greedy […]
Modest gains in early trading.The US stocks are opening near unchanged levels S&P index is up 1.8 points or +0.7%. Nasdaq is up 8.5 points or +0.12% Dow is up 31 points or +0.13% US yields are now higher (after being a little lower in early NY trading). 2-year 1.73%, +0.8 basis points 5year 2.067%, […]