The 30-year bond was in much better demand this time around than it was a month ago. The bid to cover was 2.68 and the yield was 4.72%. Indirect bids were high, taking nearly half the auction, so higher rates must be attracting fresh investment. Risk assumption is alive and well, sending the dollar lower and currencies higher. EUR/USD is at 1.4120.
Better demand for Long Bond this time around
Source: www.forexlive.com
Read more...
I’m going long USD/CHF
Morning all. I guess I happiest when I’m short CHF. I’m initiating a long USD/CHF position which I will hopefully build between 1.0750 and 1.0820 with a profit target at 1.1450. I will give up below 1.0570. Citibank technicals issued a sell NZD/JPY strategy overnight as they see the...
Euro Show Gains as ECB considers Loan Allotment
By TraderVox.com Tradervox.com (Dublin) - The euro has strengthened against the dollar towards a three month high as the European...
Crude Oil Soars As the USD Weakens
Many analysts yesterday had anticipated a slight decline in the price of Crude Oil considering the recent strength in the USD brought on by last week’s employment data. However, oil prices surprised many traders today as the price continued to climb above $70 a barrel to hit a 7-month high!...
European Morning Forex Wrap Up; Market on hold ahead of non-farm ...
EUR/USD started around 1.4880 and gently ticked higher eventually reaching session high 1.4905, where ACB selling emerged capping the rally. Comments from ECB’s Nowotny, suggesting any ECB tightening is some ways away, helped pressure the pairing and we’ve drifted back to where we started,...
Christmas May Come Early This Year
By The Sizemore Letter It’s a little early for Christmas in July, but now is the time for investors to be putting together their “Christmas lists”...