USD/JPY has pushed to a new 34-year high at 155.37. The market tip-toed through 155.00 early in US trading and after a peak above, has […]
Steady buying pulls US equities back higherSteady buying pulls US equities back higher
The intraday swings in equities in the past two weeks have been tough to manage and that’s been the case again today. Stocks opened higher […]
U.S. Treasury to auction off $70 billion of five-year notes at 1 PMU.S. Treasury to auction off $70 billion of five-year notes at 1 PM
The U.S. Treasury will auction off a record amount ($70 billion) of 5-year notes at 1 PM ET. The results will be judged in relation […]
David EInhorn (Greenlight Capital) says investors don’t care about value investingDavid EInhorn (Greenlight Capital) says investors don’t care about value investing
David Einhorn, billionaire president of Greenlight Capital in his letter to investors said: Investors don’t understand or don’t care about valuations. Says the value investing […]
US sells $70 billion of five-year notes at a high yield of 4.659%US sells $70 billion of five-year notes at a high yield of 4.659%
High yield 4.659%WI level at the time of the auction: 4.655%Tail 0.4 basis points versus six-month average of 0.5 basis pointsBid to cover 2.39 Xversus […]
Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.
The AUDUSD pushed to the upside today after higher than expected CPI data, put the kabosh on a rate cut soon. However, after running toward […]
S&P index gives up gains. Down on the day.S&P index gives up gains. Down on the day.
The S&P index has given up its gains and traded in negative territory. At session highs the price change was up 18.92 points. The low […]
Will the US election be about weakening the dollar?Will the US election be about weakening the dollar?
The FX market may have a reason to pay even more attention to the US election this November. Late yesterday, there was a Politico report […]
European equity close: The three-day winning streak endsEuropean equity close: The three-day winning streak ends
Closing changes: Stoxx 600 -0.5%German DAX -0.4%UK FTSE 100 -0.1%French CAC -0.3%Italy MIB -0.3%Spain IBEX -0.5% European stocks ended near the lows after erasing earlier […]
European bonds are taking a beatingEuropean bonds are taking a beating
The picture is darkening in the fixed income world, led by a sharp rise in Italian and German sovereign debt. Italian 10-year BTPs are up […]