As US yields are moving lower today, the US treasury will auction off $43 billion of 7-year notes at 1 PM ET. A snapshot of […]
European indices close higher on the dayEuropean indices close higher on the day
European major indices are closing higher on the day led by Spain’s Ibex. A look at the major indices near the close shows: German DAX, […]
US sells 7-year notes at 4.185% vs 4.193% WIUS sells 7-year notes at 4.185% vs 4.193% WI
Prior was 4.327%Bid to cover 2.61 vs 2.58 prior This is the third auction this week and the tie-breaker. The 2-year sale tailed and the […]
Eyes on the fixEyes on the fix
We’re coming up to the London fix so keep an eye out for moves. Yesterday, there was some moderate USD buying into the fix that […]
Bitcoin makes a new high, and them makes a new low for the day. What next?Bitcoin makes a new high, and them makes a new low for the day. What next?
The price of Bitcoin whipped to a new high in the US morning session and in the process extended above the high price for the […]
US weekly EIA crude oil inventory data coming up nextUS weekly EIA crude oil inventory data coming up next
The consensus on today’s headline build is -1275K but the market is likely priced for something more bearish after the API data late yesterday showed: […]
EIA weekly US crude oil inventories +3165K vs -1275K expectedEIA weekly US crude oil inventories +3165K vs -1275K expected
Prior was -1952KGasoline +1299K vs -1650K expectedDistillates +518K vs +518K expectedProduction 13.1 mbpd vs 13.1 mbpd priorImplied mogas demand: 8.715Mbpd API data late yesterday showed: […]
US urges allies to bar companies from servicing certain Chinese chipmaking toolsUS urges allies to bar companies from servicing certain Chinese chipmaking tools
It’s clear that one of the highest US priorities is to prevent China from catching up to US companies in the chipmaking race. The latest […]
AUDUSD sellers pushed below trend line support but failed in what is an up and down dayAUDUSD sellers pushed below trend line support but failed in what is an up and down day
In the video above, I take a look at the AUDUSD from a technical perspective. This week, the price action has been up and down […]
BofA: USD dynamics post-FOMC: ‘birds of a feather’?BofA: USD dynamics post-FOMC: ‘birds of a feather’?
BofA analyzes the short-lived USD selloff following the March FOMC meeting, attributing the initial decline to several perceived dovish indicators from the Fed. However, subsequent […]