NY Fed survey of dealers see 3 rate hikes in 2018

This was ahead of the January FOMC meetingThe NY Fed is releasing the primary dealers survey for January and at the time (before the FOMC) they saw 3 rate hikes in 2018.  If before the FOMC, it was also ahead of the US employment report which was a bit better than expectations.  Hikes are expected at […]

Sentiment Leaves Unclear Direction for GBP

GBPUSD: Retail trader data shows 47.5% of traders are net-long with the ratio of traders short to long at 1.11 to 1. In fact, traders have remained net-short since Feb 13 when GBPUSD traded near 1.38838; price has moved 0.6% higher since then. The number of traders net-long is 12.4% lower than yesterday and 1.3% […]

Bitcoin May Trend Higher As Buyers Take Over

New to Bitcoin? Be sure to check out our new Bitcoin Trading Guide! Bitcoin: Retail trader data shows 67.9% of traders are net-long with the ratio of traders long to short at 2.12 to 1. The number of traders net-long is 9.7% lower than yesterday and 6.9% lower from last week, while the number of […]

USDJPY moves back down to test 50% retracement

Sellers did their job against the 100 and 200 hour MA on the corrective move higher…The USDJPY is back down retesting the 50% retracement level. The corrective move higher reached back to the 100 and 200 hour MAs (blue and green lines) The price moved above the 100 hour MA but stayed short of the […]

US treasury sells 7-year notes at 2.839%

Bid to cover 2.49 timesThe US treasury auctioned off 29 billion of seven-year notes at a high yield of 2.839%. This was the highest level since March 2011.  The bid to cover was less than the 2.73 times at the last auction.  The low bid to cover in 2017 was 2.36 times. The high was […]