U.S. Dollar Under Pressure: What’s Next And How To Trade It

A stronger U.S. dollar finally caused some disturbance with U.S. corporations, especially multinationals.  While reporting March-quarter earnings, one after another singled out the dollar for causing top-line shortfall. From trough to peak between last May and March this year, the … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 21, 2015.  Change is week-over-week. 10-year note: Are bond vigilantes expecting a hawkish tone from the FOMC next week?  The latter meets on 28-29.  For the most part, macro data … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 14, 2015.  Change is week-over-week. 10-year note: The 10-year yield fell in all five sessions.  Friday could have been different as March core CPI was initially treated as hawkish, but … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 7, 2015.  Change is week-over-week. 10-year note: Interesting times, indeed!  Mexico this week issued a 100-year bond denominated in euros.  This is not the first time that nation has tapped … Continued

Bill Dudley’s Monday comments, shot across bow of dollar rally?

posted in: Currency, Economy | 0

Exports’ share in U.S. GDP not as high as industrialized peers but increasingly important Fed’s rate-hike-this-year message significant tailwind for greenback’s relentless rally Fed officials not enamored of buck surge; how long before they start jawboning? There is a wide … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 17, 2015.  Change is week-over-week. 10-year note: What a week!  In four out of the five sessions, the 10-year yield fell – down 18 basis points for the week.  On … Continued