There is another barrier at 1.4150, part of a 1.4150/ 1.4550 DNT… UPDATE: Now hearing the DNT expires Sept 19..
It’s gotta print below the figure to trigger the barrier, is my understanding…Rinse and repeat? Traders say the rumored payout on the DNT is $18 mln, so look for some heated converstation on whether the barriers was tripped or not. … Continue reading
Looking ragged along with the EUR/USD, equities and oil as broad risk aversion returns. Ozzie’s heading for the 55 day MA (1.0630) after slumping through the 100 day at 1.0653 to a low of 1.0637 (This area held some buying interest … Continue reading
A steady fall from just under $89 in Asia picked up steam on the payroll release with the October Nymex contract diving through support at 86.97 to around $85.70. Next significant support comes in around $85 S&P futures were hit heavily briefly … Continue reading
With EUR/CHF falling from near 1.20 to 1.10, traders are beginning to expect the SNB to come off the sidelines with some sort of action. Bloomberg just ran a piece quoting a strategist as saying it is time for the … Continue reading
Traders say Goldman Sachs forecasts that the Fed will announce a lengthening of average maturities of the bonds held on the Fed’s balance sheet. That was last tried in the early 1960s. The Fed would sell short-term bonds and buy … Continue reading
The Fed is really between a rock and a hard place. Past QE programs have been blamed for spikes in commodity prices, offsetting the benefits of the additional liquidity on asset prices like stocks and bonds. There has been a … Continue reading
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