The risk-off trade is back in high gear, according to Treasury yields. The downside momentum in the benchmark 10-year yield is particularly conspicuous, based on daily data through yesterday (Apr. 5) via Treasury.gov. One theory making the rounds: the slide in the 10-year yield to 1.73% on Tuesday — a five-week low — is the…
WTI Crude Oil The WTI Crude Oil market rose during the day on Tuesday, as we continue to see quite a bit of volatility. However, I believe that we are going to see an exhaustive candle soon enough to start selling. While the FOMC Meeting Minutes could be very dovish for the US dollar, we…
Video length: 00:01:28 During the session on Wednesday, we get the FOMC Meeting Minutes, which comes out at 2 o’clock New York time. With this being the case, could be a fairly quiet session leading up to that announcement but with the way that the Federal Reserve is been acting lately, it’s likely that the…
While the surge in Q1 market volatility has had a dramatic impact on asset prices, and led to some unprecedented central bank interventions to stabilize markets, one product that has seen a dramatic hit and has yet to rebound, is M&A. According to BofA, North American M&A volumes declined again in March, falling to $107bn…
GBPUSD: With the pair continuing to decline, more weakness is envisaged towards its key support located at 1.4052 level. On the downside, support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness…
The FTSE 100 (FXCM: UK100) is higher by 0.66% at the time of writing in what appears to be an attempt to claw back some of yesterday’s losses. We do note that crude oil prices are slightly higher compared with yesterday afternoon, as the API reports that U.S. Crude oil inventories fell by 4.3M barrels…
Is the U.S. economy really in great shape? The U.S. Federal Reserve does not seem to think so. They started the year with an intention of raising the overnight lending rate four times – from 0.25% to 1.25%. In March, they announced that it would more likely be a mere two. And today, the Atlanta…
The market is already close to oversold levels capable of forming the cycle low. If the S&P doesn’t drop more than 60 points before bottoming then the runaway move will be confirmed. When oil starts back up that will be a positive for stocks.
The toughest time to buy is after a market has already enjoyed a strong rebound. However, often times it is a profitable and necessary time to buy as that market continues higher. Video Length: 00:12:37
The U.S. Cash Deficit for March came in at $98B easily topping last March’s $18B deficit and bringing the 2016 YTD deficit to $272B. Revenue: Revenue was down $35B from last year, which had a $35B inflow from the wireless spectrum auction. So all together flat, with some increases and decreases cancelling each other out….
