Commodity prices fell on Friday, with crude oil and gold prices down in tandem as bets on rising lending rates undercut the appeal of non-interest-bearing and anti-fiat alternatives. The spread between two- and ten-year US Treasury bond yields widened as borrowing costs at the longer end edged up. OPEC, EIA TO INFORM CRUDE OIL SUPPLY OUTLOOK From…
The market expects a 100% chance of a hike in June and a 78.2% chance of at least one more hike by September. Then what? December Rate Hike Odds 10-Year Treasury Yield vs Fed Funds Rate 10-Year Treasury Yield Minus Fed Funds Rate When Will the Yield Curve Invert? Assuming the 10-year yields remains at…
Asian shares are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4% while the Hang Seng is up 1.3%. The Shanghai Composite is trading up by 0.6%. US markets ended on a positive note as their last closing prices. Gains were seen on the back of healthcare stocks which rose after President Donald…
The US dollar initially tried to rally against the Canadian dollar during the week but found enough resistance at the 1.30 level to turn around and form a shooting star. If we can break down below the bottom of the shooting star, that should send this market down to the 1.25 handle, especially considering that…
FUNDAMENTAL AUSTRALIAN DOLLAR FORECAST: NEUTRAL The backdrop of an AUD/USD slide remains very much in place But, weaker US CPI numbers have put the brakes on US Dollar bulls’ enthusiasm It may return, but perhaps not in too much force this week The Australian Dollar is trading very much in thrall to the ‘USD’ side of AUD/USD and, although…
The stock market has turned the corner. Everything bad is priced in. Here’s the joke of the day: Stock Market Turns the Corner as Most Risks are Already Priced In. “By now, investors priced in all the bad things they could price in: concerns about trade wars, geopolitics, rising rates and even fears that earnings…
Cadence Bancorp (CADE) and State Bank Financial (STBZ) jointly announced the entry into a definitive merger agreement in a stock-for-stock transaction, creating a combined organization with $16B in assets, $12B in loans, $13B in deposits and approximately 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi, based on the companies’ balance sheets as of…
A roller-coaster week for rates and the dollar did not stop large speculators adding to their already record-high short positions across the entire term structure. USD Shorts have started to cover aggressively. Driven mostly by additions to EUR shorts… BUT, record bond shorts keep getting more record-setting. From the shortest-end (ED futures) to the belly (5Y at…
The great cryptocurrencies bull market resumes is what we wrote several weeks ago when we flashed a BUY alert to our premium subscribers. Today, we are on record calling for a screaming BUY opportunity for investing in cryptocurrencies until 2020, this is why. A couple of weeks ago we explained in this article why we believe…
AMD has not been identified as having exposure to the new Spectre-NG flaws exposed more recently in Intel processors. This is incredibly important as AMD ramps its EPYC products into the data center. AMD Not Affected By New Spectre-NG Flaws We recently reported that new flaws were found in the Intel processor architecture in early May. These…
