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 […]
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 […]
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 […]
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 […]
EIA weekly US oil inventories -6368K vs +825K expectedEIA weekly US oil inventories -6368K vs +825K expected
Prior was +2735KGasoline -634K vs -1775K expectedDistllates +1614K vs -1093K expectedRefinery utilization +0.4% vs +0.6% expected Private inventories from late yesterday: Oil -3230KGasoline -595KDistillates +724K […]
USDCHF buyers try to keep the short term bias in their favor.USDCHF buyers try to keep the short term bias in their favor.
The USDCHF pushed higher earlier in the day, and extended above the prior high from April 15 at 0.91514, but only to a NEW high […]
USDJPY climbs above 155.00 again as buyers remain in controlUSDJPY climbs above 155.00 again as buyers remain in control
The USDJPY is taking another run above the 155.00 level. The first break reached up to 155.164, but then rotated quiicly to 154.76 minutes later. […]