Across the board Metals have been under pressure lately trying to find technical support. Copper seems most promising in a strong reboundGold XAUUSD broke above the strong resistance at around $/oz 1.834 with ease but ran out of steam before reaching next strong resistance at around $/oz 1.910. $/oz 1.875...
The unbearable sensitivity to rising yields
Today we try to quantify and illustrate the equity markets most sensitive to rises in long yields, i.e., duration sensitivity, noting particularly chunky declines in the most duration sensitive markets yesterday. As well, a look at the "buy the fact" reaction to the US release of strategic oil reserves, key...
Market Quick Take – November 24, 2021
US equity markets bounced back from an extension of the sell-off from the highs of Monday, perhaps in part as a firm US 7-year treasury auction saw yields settling back lower, just after that particular benchmark had notched a new high yield for the cycle. Today sees a flurry of...
A Crash Course in Greek
Increased borrowing costs force the price of calls higher in the market maker’s formula.For puts, the model assumes the market maker will short some shares of the stock and receive cash that can then be invested in short-term money market instruments.
Thanksgiving bull market called off?
Yesterday Sellers took control after Buyers had lifted market to new highs forming Top and Reversal patternsMaybe the Thanksgiving week will not be so joyful on the Stock market this year. Yesterday the US Stock market started out bright only for Sellers to take control shortly after the opening bell....
FX Update: USD kneejerks higher as Powell gets nod for second term.
US President Biden will tap Jay Powell for a second term as Fed Chair and will nominate Lael Brainard to be promoted to Vice Chair of the Fed, a move that sent the USD modestly higher and US yields sharply higher, though some of the reaction may have been on...
Possible trend shift in EURUSD – going short | 23rd Nov
desmondlzw Possible trend shift in EURUSD – going short | 23rd Nov SHORT Euro / U.S. Dollar (FX:EURUSD) 1.12507 0.00160 0.14% desmondlzw 5 hours ago Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD Signal ID: 78368 Time Issued: Monday, 22 November 2021 19:00:15 GMT Status: open Entry: 128.987 -...
USDCHF potential for further uptrend | 23rd Nov
Price is near buy entry price of 0.92996 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit price of 0.93507 which is also the graphical overlap resistance. Our bullish bias is supported by the ichimoku cloud indicator as price is...
Interest rate sensitivity is back in town haunting technology stocks
Technology stocks went through a horrible session yesterday as interest rate sensitivity kicked into gear with the 10th large upward move in the US 10-year yield this year.Growth baskets look awfully vulnerable Yesterday’s move in the US 10-year yield of 8 basis points made it the 10th biggest move higher...
A climax reversal for equities after Powell gets nod for a second term
Today we look at the market reaction to US President Biden giving Fed Chair Powell teh nod for a second term, while promoting Lael Brainard to Vice Chair. The most interesting reactions were in the US yield curve as a faster pace of Fed tightening was priced in for next...