Amidst S&P 500’s 3.6% Fri Tumble, Looking For Signs Of Reversal N/T On Spot VIX

Last Friday, post-Brexit win, the 10-year Treasury yield declined 16 basis points to end the session at 1.58 percent.  It fell as low as 1.53 percent at one point during the session.  The drop ensured 10-year yields remained below support … Continued

8% Rally Past 4 Months Brings FXE Right Up To Crucial Resistance – Shortable N/T

posted in: Currency, Derivatives, Technicals | 0

From the euro’s perspective, March 10th was an interesting session. Mario Draghi, ECB president, pulled out his big bazooka that day.  All interest rates were cut.  The existing QE was expanded from €60-billion/month in purchases to €80 billion.  And the … Continued

Dollar In Fed’s Bull’s Eye – Dollar Index Primed To Rally Near Term?

“Manufacturing and net exports have continued to be hard hit by slow global growth and the significant appreciation of the dollar since 2014… Low oil prices have also resulted in large-scale layoffs in the energy sector and adverse spillovers to … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of February 23, 2016.  Change is week-over-week. 10-year note: Negative interest rates have suddenly become the topic du jour.  Last month, Japan waded into negative interest rate policy (NIRP).  This was totally … Continued

Negative Interest Rates As Panacea Fresh Wishful Central Bank Thinking?

posted in: Credit, Currency, Economy | 0

Negative interest rates have been in the headlines for a while now.  Since Janet Yellen’s, Fed chair, Congressional testimony last week, it has been doing so with increasing frequency. Does the Fed even have the legal authority to use negative … Continued