Jay re spreads, normally keep an eye on 10's day to day but you have them all to hand as at any point in time the currency can start correlating with any of them and honestly with just about anything else, so you need it all, bonds, indices. thats fine when your calendar is empty, otherwise its just impossible and i leave it to support and resistance levels.
GVI Forex Jay Meisler 20:41:41 GMT - 07/01/2014
Red which spread do you look at, 2 yr?
london red 20:40:38 GMT - 07/01/2014
kw, its the spread vs US you want to watch there. when the spread narrows it can support, when widens it can cause weakness vs dollar.
GVI Forex john 20:08:36 GMT - 07/01/2014
DJIA and S$P close at record highs. Fund managers are redeploying funds for the new quarter and new half-year.
The first major test could be U.S. payrolls on Thursday. I don't see the ECB decision as a major event for U.S. markets although the two will be simultaneous events. As for the ECB, it is probably too early to assess the impact of their June policy easing. Ido see the RISK that Draghi might try to jawbone the EUR weaker again, the problem is this could become counter=productive if the currency does not respond.
nw kw 19:39:17 GMT - 07/01/2014
+4bp and no drop in gold?
GVI Forex john 19:33:23 GMT - 07/01/2014
Big move in 10-yr today now 2.568% +4bp
presumably a risk-on trade as stocks rise.
nw kw 19:23:29 GMT - 07/01/2014
red - can bund give e/u support
london red 19:19:05 GMT - 07/01/2014
yield steadily creeping higher from start of week, from friday in hindsight really. thats why you're getting the dollar off its lows against the weaker currencies. if yields continue to pick up, this will field into the rest. all depends on what job prints we get thursday.
Mtl JP 18:52:22 GMT - 07/01/2014
I have seen 10-yr trade as high as $124.97... and $124.80 low
still priced too high imho
by at least a dollar
dc CB 18:37:18 GMT - 07/01/2014
ReRepo operation is not limited to Primary Dealers.
Yesterday there were 97 bidders for that 300billion
this page shows the daily ...if you click on Show 25 you can see the last 25 deals
When we reported yesterday's record reverse-repo surge, driven entirely by collateral-strapped financial entities scrambling to "window dress" their balance sheets for regulatory purposes, we said "Expect total reverse repo usage tomorrow to plunge by at least $150 billion as the banks will have fooled their regulator, which also happens to be the Fed, that they are safe and sound.
Moments ago the Fed reported the daily reverse repo use. It turns out we were optimistic: it wasn't $150 billion, it was $189 billion. Following yesterday's $339 billion allottment, today this number tumbled to just $151 billion, meaing nearly $200 billion in fungible cash had to quick find a new home away from the Fed.
Which, incidentally explains where the relentless buying in today's market is coming from: today the Fed just released liquidity for two months worth of POMO in one day - money which promptly had to find a parking spot until the next quarter end when the same window dressing exercise is repeated and which will continue to go on completely unnoticed by regulators.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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