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Summary Corrective pressures were evident yesterday and they extended today in Asia and Europe but seem to be running their course now. Quietly, the German two-year yield has doubled in the past two weeks, from 0.53% on August 15 to 1.10% yesterday. The two-year breakeven has ...
Summary There is a story of war and peace in the contemporary currency markets. It has a main plot and many subplots. As yet, the story is without end. That may come sooner than many now expect. Today, in principle, a sudden emergence of peace diplomacy would most plausibly send t...
Summary A simply dreadful flash of US PMI stopped the dollar's four-day rally in its tracks. On top of the energy crisis and extreme weather, an economy seemingly slipping inexorably toward a recession, while inflation is still accelerating, Italy's national election is a month aw...
The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low. The dollar firmed to marginal new high for the month against the yen today near JPY137.70. The Fed funds futures market sees the greatest chance of a 75 bp hi...
The euro traded below parity for the second time this year and sterling extended last week’s 2.5% slide. In addition to the challenges from the property market and the ongoing zero-Covid policy, the extreme weather is a new headwind to the economy. The euro and sterling ext...
The main economic report of the week ahead will be the preliminary estimate of the August PMI. The policy implications are not as obvious as they may seem. The UK's composite PMI fell in three of the four months through July. However, at 52.1, it remains above the boom/bust level, tho...
The dollar is rising against all the major currencies and cutting through key technical levels like a hot knife in butter. Japan's July CPI continued to rise. Significant technical damage has been inflicted on the euro and sterling. Overview: The dollar is on fire. I...
The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring three-day increase to about 22 bp. The euro briefly popped a little above $1.02 on what was initially seen as dovish FOMC minutes in the North American afternoon y...
Osisko's flagship project is the Windfall Gold Deposit located in Québec, Canada. Osisko Mining reported production expectations ranging from 240 ktons in 2027 to 15 ktons in 2023. Considering the recent information about the production coming in 2022 and new tests to be deli...
Why investors should pay attention to the U.S. dollar. Weaponizing the currency is a double-edged weapon. There are many threats to dollar dominance. What will happen when the greenback depreciates. Hedging against depreciation. Why Concentrate On The U.S. Dollar...
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2024-07-21 21:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-01 12:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-11 19:52:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...