US Yields Soften After Yesterday’s Surge

The US dollar is mixed today after the Dollar Index rose to new 2018 highs yesterday. It is being driven by rising US rates, which also punishes short dollar positions. The US 10-year yield rose seven basis points yesterday to nearly 3.10%. It is consolidating near 3.06% now. Many see the yield rising toward 3.20%,…

Above The 40 – Buyer Reluctance And Stock Market Exhaustion

AT40 = 59.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.1% of stocks are trading above their respective 200DMAsVIX = 14.6Short-term Trading Call: neutral Commentary Here we are again…again. In the last Above the 40 I observed “the stock market looks like it is breaking free, but there are major caveats which keep me wary…

BTC/USD Forex Signal – Wednesday, May 16

Yesterday’s signals were not triggered, as there was no bullish price action at $8,334. Today’s BTC/USD Signals Risk 0.75% per trade. Trades can be entered until 5pm Tokyo time today, over the next 24-hour period. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of $7,825….

AUDUSD Daily Analysis – Wednesday, May 16

AUDUSD pulled back to 0.7445 area after touching 0.7560 resistance. However, the pullback is likely correction for the uptrend from 0.7412, another rise could be expected after the correction and next target would be at 0.7650 area. Only a breakdown below 0.7412 support could trigger another downside movement towards 0.7300.

It’s Not China That’s Liquidating US Treasuries

Recent fears, warranted or not about the potential for retaliatory liquidation by China of its US Treasury holdings appear to have been once again vastly exaggerated because according to the latest TIC data released, America’s trade-war nemesis added $11 billion in TSYs in March, bringing its total to a 5 month high, following the addition…

Crude Oil Prices May Be Topping, IEA Report And Inventory Data Du

A sharp US Dollar rally weighed on crude oil and gold prices alike. Swelling Fed rate hike bets drove the currency higher alongside front-end bond yields. The spread between rates on two- and ten-year Treasury bond rates tellingly steepened and the 2019 policy path implied in Fed Funds futures reflected a hawkish shift in the markets’ expectations. The WTI benchmark succumbed to de-facto selling pressure since prices are…