WTI Tumbles Back To $43 Handle After Saudis Breach OPEC Agreement
Having v-shaped recovered yesterday after disappointing Russian comments (on no news whatsoever), crude prices are tumbling once again this morning, WTI back to $43 handle, after Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit for the first time since brokering a deal […]
Two Events Just Hinted At Explosive Growth Ahead
Last Monday the administrators were called into Paladin Energy. Paladin if you’re not familiar is (or should I say was) a uranium producer. Bankruptcies happen all the time, so why should we care? Well, for starters Paladin wasn’t just any company. It was a previous market darling in the last uranium bull market. It has […]
E How Fintech Is Changing The Credit Market
Whenever the subject of Fintech crops up during a conversation, the first things that come to the minds of many are online payments and mobile wallets. However, Fintech is actually a very broad segment of the financial markets. These days, the term Fintech can be linked to several segments of the financial services industry including […]
TLT Short-Term View
The chart that tells me that we should expect at least a short-term bounce in TLT is the following. Technically we are at important short-term support and at least a bounce towards $125 – $126 should be expected. TLT has reached the red upward sloping trend line support and the Daily Kumo (cloud) support. A technical […]
Morning Call For Tuesday, July 11
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.09%) this morning are down -0.06% and European stocks retreated from a 1-week high and are down -0.06% as weakness in energy producing companies drags the overall market lower. Aug WTI crude oil CLQ17 -0.97%) is down -0.72% and is undercutting energy stocks on concern the global […]
USD/JPY And AUD/USD Forecast – Tuesday, July 11
USD/JPY The US dollar rallied a bit during the day on Monday but continues to find resistance just above. The 115 level is a massive barrier, so I think between here and there you are going to see a lot of pushback. If we can break above the 115 level on a daily close, the […]
Ain’t No Cure For The Summertime Blues
Since Election Day, the focus in the U.S. Treasury (UST) market has been essentially domestic-driven. In other words, market participants have been setting their sights on potential fiscal policy developments and, of course, the latest actions from the Federal Reserve (Fed). However, as the calendar turned to summer, investors were greeted with a new twist for Treasuries—more-hawkish-than-expected rhetoric coming from […]
EC A New (And Longer) Dataset For Modeling The Market Portfolio
The market portfolio, in theory, is a simple concept. Buy and hold everything in market-value weights. But the road from concept to implementation is rocky. Some asset classes are relatively illiquid and therefore difficult to own directly. There’s also debate about how to estimate weights. Minds, in other words, will differ on devising a market […]
AUD/USD Forex Signal – Tuesday, July 11
Yesterday’s signals were not triggered as none of the key levels were ever reached. Today’s AUD/USD Signals Risk 0.75%. Trades must be entered between 8am New York time and 5pm Tokyo time, during the next 24-hour period only. Short Trades Go short following some bearish price action on the H1 time frame immediately upon the next […]
‘They Immediately Bought Dollars’: Traders Get Confused, Drive Yen To March Lows
Well, the overnight session was described as “listless” by at least one Asia-based trader as markets are i) laser focused on Yellen’s testimony and ii) anxiously waiting for the Bank of Canada to see if the “hawks take flight”, as it were. “Asian currencies are trading listless ahead of Yellen’s testimony,” Andy Ji, a Singapore-based […]
