Monthly Archives: October 2018

2 min Market Summary: 31 Oct 2018

NOTABLE MOVES   U.S. CB Consumer Confidence at 137.9 vs expected 136.3. 2-yr and 10-yr Treasury notes added two basis points each to 2.84% and 3.11% respectively. USDJPY up 0.61%, $113.06. German Prelim CPI m/m at 0.2% vs expected 0.1%. E.U. Prelim Flash GDP q/q at 0.2% vs expected 0.4%. Adding to Euro woes, Italian GDP in […]

2 min Market Summary: 30 Oct 2018

 NOTABLE MOVES   U.S. Core PCE Price Index m/m at 0.2% vs expected 0.1%. Personal Spending m/m inline at 0.4%. Treasury yields closed slightly higher with the 2-yr yield and 10-yr yield adding one basis point each to 2.82% and 3.09%, respectively. USDJPY up 0.35%, $112.32. Chancellor Angela Merkel announced on Monday that she won’t be seeking re-election as head […]

Trade Opportunities: EUR/JPY, NASDAQ

EUR/JPY Weekly Candlesticks & Ichimoku Chart SHORT EUR/JPY closed last week below the weekly Ichimoku cloud. Until it recovers to close above the cloud, sell on rallies is the way to go.   NASDAQ Composite Index Weekly Candlesticks & Ichimoku Chart The NASDAQ Composite Index has not traded below the weekly Ichimoku cloud since mid 2016. […]

2 min Market Summary: 29 October 2018

  NOTABLE MOVES   U.S. Advance GDP q/q at 3.5% vs expected 3.3%. Advance GDP Price Index q/q at 1.7% vs expected 2.1%. Revised UoM Consumer Sentiment at 98.6 vs expected 98.9. U.S. Treasuries prices rose, as the market turmoil drove some safe-haven positioning. The 2-yr yield decreased five basis points to 2.81%, and the 10-yr […]

2 min Market Summary: 26 Oct 2018

NOTABLE MOVES   U.S. Core Durable Goods Orders m/m at 0.1% vs expected 0.5%. Durable Goods Orders m/m at 0.8% vs expected -1.3%. The Fed-sensitive 2-yr yield was unchanged at 2.86%, while the benchmark 10-yr yield closed one basis point higher at 3.14%. USDJPY up 0.10%, $112.37. German Ifo Business Climate at 102.8 vs expected 103.1. […]

2 min Market Summary: 25 Oct 2018

NOTABLE MOVES U.S. Flash Manufacturing PMI at 55.9 vs expected 55.4. Flash Services PMI at 54.7 vs expected 54.1. Fed indicated in its Fed Beige Book for September that manufacturing prices continued to rise, attributed to tariffs. The Fed-sensitive 2-yr yield closed two basis points lower at 2.86%, and the benchmark 10-yr yield closed four […]

2 min Market Summary: 24 Oct 2018

NOTABLE MOVES U.S. Richmond Manufacturing Index at 15 vs expected 25. Japan’s finance minister said he expects a planned sales tax increase next October to cause some disruptions. The 10-yr yield finished three basis points lower at 3.17%, but was down as much as eight basis points. USDJPY down -0.34%, $112.45. German PPI m/m at […]

Trade Opportunities: EUR/CAD, NZD/USD

EUR/CAD Weekly Candlesticks & Ichimoku Chart – SHORT As the economies of Canada and the Eurozone continue to diverge, EUR/CAD is likely to test much lower levels. The recent rally presents us with a good opportunity to get involved.   NZD/USD Daily Candlesticks & Ichimoku Chart – SHORT NZD/USD seems to be having trouble breaking […]

2 Min Market Summary (23 Oct 2018)

U.S. Existing Home Sales at 5.15M vs expected 5.29M. The 2-yr yield and 10-yr yield each increased two basis points to 2.90% and 3.20%, respectively. USDJPY up 0.32%, $112.55. Euro up 0.54%, $1.1515. U.K. Public Sector Net Borrowing at 3.3B vs expected 4.6B. In Brexit, EU officials now increasingly hope for the Brexit transition period to be extended as […]

Cryptocurrency Updates: 23 Oct 2018

Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019 Visa is readying its blockchain-based digital identity system dubbed Visa B2B Connect for cross-border payments for launch in the first quarter of 2019 that will provide a blockchain-based digital identity solution for financial institutions to securely process cross-border payments. From a technical […]