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nw 09:03:29 GMT - 07/02/2014

aud/eur see if dropping/

london red  08:51:25 GMT - 07/02/2014

Gambler takes his profit on short euro at 56

SaaR KaL  08:23:22 GMT - 07/02/2014

Red You short EURUSD? Now I am and Long USDCHF

london red  07:32:55 GMT - 07/02/2014

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. thoughts??

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 NYFED Temp Ops

london red  18:34:19 GMT - 07/01/2014

regular updates of 10 year yield missing this week, feel it could be important.

Mtl JP  18:27:19 GMT - 07/01/2014

for the record .. and perspective: when one talks about expanding the number of primary dealers , the peak number of primary dealers was in 1988: 46

Mtl JP  18:22:24 GMT - 07/01/2014

all is fine.. The Fed has also expanded the number of counterparts for its fixed-rate reverse repo program. The facility is being tested as tool for when the central bank eventually reverses its unprecedented monetary accommodation. - bbrg 2014-02-11 - appears we are past the testing period

dc CB  17:36:51 GMT - 07/01/2014

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. Record $189 Billion Injected Into Market From "Window Dressing" Reverse Repo Unwind

GVI Forex john   17:08:47 GMT - 07/01/2014

DJIA setting new intra-day record high: RISK-ON. start of a new calendar quarter.

GVI Forex john   15:38:38 GMT - 07/01/2014

Markets remain in a mild risk-on  posture after several stronger than expected PMI reports. Yields in prime Eurozone fixed income markets are now steady to lower. Yields on the European periphery are mixed. U.K. gilt  yields are up. We see a +25bp BOE rate hike by yearend. U.S.10-yr  yield  is 2.55%, +2 bp. Equities closed mixed in the Far East. Bourses in Europe are closing higher. U.S. shares are up. The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).

GVI Forex john   09:08:37 GMT - 07/01/2014

Markets are in a mild risk-on  posture after several stronger than expected PMI reports. Yields in prime Eurozone fixed income markets are mostly higher. Yields on the European periphery are mixed to unchanged. U.K. gilt  yields are up. Most see a +25bp BOE rate hike by yearend. U.S.10-yr  yield  is 2.55%, +2 bp. Equities closed mixed in the Far East. Bourses in Europe are higher. U.S. shares are up. The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).