Crude oil contract settles at $60.60/BBL

Rebounds after recent weaknessThe price of crude oil is settling the day at $60.60. That is up $1.41 or 2.38%. The lower dollar helped to support commodities today. Also the inventory data showed that although crude oil inventories had a build of 1841K, that was less than the 3100K estimate and the private build from yesterday […]

10 year yield hits a 4 year high at 2.91%

The high yields at 3.00% and 3.05% are the bigger targets.The 10 year yield has traded to 2.91%. That is the highest since January 2014.  The move also gets the yield closer to the highs from 2013/2014 at 3.005% and 3.05%.  A move above those yields will print the headline that the «10 year is […]

USD shorts just turned on the afterburners

US dollar absolutely smoked What a disastrous day for the US dollar. It’s been a complete reversal, down more than 100 pips from the highs on virtually every front. Cable is up almost 200 pips from the lows. The market is just running up the score at this point and there’s no reason to see any […]