Fundamental Forecast for the US Dollar: Neutral UK election may drive risk aversion, hurt Fed rate hike bets Comey testimony may stoke uncertainty fears, sour sentiment Efforts to loosen US finan...
Speculators in the future market made mostly minor adjustments in the gross positioning in the currencies. Ten of the 16 gross positions we track were adjusted by less than 3k contracts. There was...
Trump’s howling about the US trade deficit with Mexico, Canada, Germany, the EU, etc, has me thinking about how to portray the result in pictures. Data is from the latest Census Department report on...
Here are my forecasts for upcoming economic data. ` Forecast Prior Observation Consensus Week of June 5 June 5 Productivity – Q1 (r) -0.1% -0.6 -0.2 Unit L...
Ever since 2012’s failure of the ‘QE 3 rally’ in the precious metals it has not been fruitful to micro manage the gold sector, because that failure jump started a savage bear market that would n...
VIX declined to challenge the May 9 low, but did not exceed it. Today’s low qualifies as a retracement low and potentially opens the door for new highs. A rally above mid-Cycle resistance at 15.22 i...
TRADING THE ITALIAN YIELD CURVE I’ll start out today with my most substantive thought. It will constitute most of this note. My methodology here won’t be rigorous; my intention is not to m...
The Longer-Term Outlook The market really turned around this week. It felt significant because a number of important indicators were pointing to trouble in the market. For me, the most important indic...
Deals and Financings Cirina, a Hong Kong cancer diagnostics company, will merge with GRAIL, a Menlo Park startup, which is also developing non-invasive early-stage molecular cancer diagnostics (see s...
The ADP May private sector jobs report on Thursday signaled a great BLS jobs report would come on Friday. Sometimes the ADP report doesn’t indicate how the BLS report will be. This was one of thos...