By Christopher Vecchio Political headlines out of the Euro-zone are beginning to heat back up, putting further downside pressure on the Euro. Needless to say, the implicit endless support of the ECB’s balance sheet assuaged fears among bond holders, which [...]
By Christopher Vecchio The Bank of Japan is about to get a lot more dovish, and sooner than previously thought. Earlier today, Masaaki Shirakawa announced that he would retire from his position as BoJ Governor on March 19, about [...]
By Christopher Vecchio, Currency Analyst | 04 February 2013 12:45 GMT ASIA/EUROPE FOREX NEWS WRAP The past several days may very well be looked back upon as a major inflection point in the 1Q’13: the most significant US economic data [...]
Watch Video 2013 and the S&P : Including today the S&P futures have closed higher 11 out of the first 14 trading days of the year. On a shorter time frame the S&P futures have closed higher 8 out of [...]
Asian markets were firm again as Japan’s Nikkei approaches a two-year high. In the U.S. traders are watching the financials and tech stocks for clues to the next leg/direction of the market. Wells Fargo failed to meet high expectations, paving the way for the banks by weighing on the banking sector. There is hopium that the sector will do better. … Investors poured money into U.S. stocks in the past month; however, … Beginning with today’s close and lasting through Jan. 28 is a seasonally negative period, which has come to be called the “January Defect” by some. It is sort of the hiatus between two periods of traditionally heavy buying … USDA report shows Dec 1 qtrly stocks low across the board, led by corn …
The global hot money is moving out of, not into, China. In the past year or so the country has seen huge outflows of institutional, investment cash, as foreign investors are not only pulling back, they are getting out. … For today: I have been bullish but I have also consistently been saying that the S&P is not ready to make new highs yet, that it needs …
Current, Downtown Chicago prices at the PUMP. MrTopStep.com’s Danny Riley took a snap shot of the BP Gas station prices at Orleans and Well St. in downtown Chicago on Monday August 272012. Riley says other downtown gas stations are charging [...]
Adjusted on: 8/29 SEPT BONDS SEPT 10s SEPT 5s 151.02 major [...]
According to most Fed surveys, nearly 90% of market participants believe the European Central Bank will purchase more sovereign debt and 80% said they expect the Federal Reserve will undertake additional quantitative easing. This is a big jump from June and brings us back to October of 2010, when over 90% of the traders polled thought the Fed would do a QE2 program. Here is the catch: … For today: After two days of sideways to down (back and fill), we think …
