Eurodollar Mar '20 (GEH20)
Eurodollar Futures Market News and Commentary
Dec T-notes (ZNZ19) this morning are up +8 ticks. The 10-year T-note yield is down by -6.3 bp to 1.872%.
Dec T-note prices are moving higher today on carry-over support from a rally in European government bonds and on a smaller-than-expected increase in the U.S. Oct core CPI.
Today's Oct core CPI eased to +2.3% y/y from Sep's +2.4% y/y and was slightly weaker than market expectations of +2.4% y/y. However, the headline Oct CPI rose slightly to +1.8% from Sep's +1.7% and was slightly stronger than expectations of +1.7%.
The UK 10-year gilt yield is down -6.3 bp today at a 4-session low of 0.743% on weak price pressures in the UK. Today's UK Oct CPI eased to a 2-3/4 year low of +1.5% y/y, slightly weaker than expectations of +1.6%. The rally in gilts also gave German bunds a boost as the 10-year German bund yield fell-4.6 bp today to a 4-session low of -0.298%.
A slide in global equity markets today is also providing support for T-note prices. Uncertainty a... Read more
- The Case for a Silver Rally
Yes, you read that right. Despite all the bearish developments that we described in the previous analyses , and despite myriads of bearish factors that...
- Timing the Exit in the USD/CAD Fierce March Higher
Weve discussed the loonie on Friday, just when the pair spiked higher. What has happened with our profitable open position since then? Have the bulls been...
- How To Use Price Cycles And Profit As A Swing Trader SPX, Bonds, Gold, Nat Gas
We have been using cycles since 2011 and have developed multiple proprietary price modeling tools over the past 5+ years...
- Russell Elliott Wave View: Impulse Rally Calling More Upside
Russell is showing 5 swings impulse rally from 10/03/2019 low favoring more upside to take place.
- Fractional Reserve Banking and Potential Trouble in the Bond Market
Simpler is often better when discussing topics like fractional reserve banking, so lets keep it simple. Investors put money into a bank. If it is a savings...
- Broad "risk-off" flows kick in after Trump's speech.
Trump doesnt deliver the constructive statement on China that traders were expecting. USD broadly higher with risk-off flows, ignoring US yield...