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A1 TRADING | Indices, Commodities, Forex, Futures appears in 94 event pages on TGScopeUSDJPY Now Gives Back Half Its Intervention Loss in a Week USDJPY is at 159.244, back above the 200-day and roughly a full point under the 160.0 resistance level. The intervention move from 163.99 to 155.20 has been retraced 46% in about a week. The positioning data is the part…
DXY Now Breaks Critical Support as Treasury Steps In DXY is at 98.885, and it broke the level. Yesterday the 200-day and the 0.618 retracement met at 99.22. Price is now below both. The pre-war scenario I laid out may be playing out sooner than I thought. The catalyst this…
GBP/USD Daily Chart Not very often when you see a major currency pair at one of its extremes. Usually you trade the bounce, as currencies are mean-reverting. But today you have a real case for continued dollar strength, which could cause GBP to break out of it's long range. If…
US 10-Year Yield Now Erases the Entire Buyback Drop The US 10-year is at 4.70%, back above where it sat before yesterday's buyback news. Yesterday Treasury tried to tame the long end by boosting buybacks to at least $4 billion. The move was short-lived. The bond market says…
Oil Daily Chart Am I crazy for wanting to short this chart?? Piggybacking off of the chart markup above, oil definitely disrupts the Fed's preferred rate path. We know that already. However, let's look past the obvious and discuss what could happen if oil hits that $117 recent…
The Dollar Trade Now Unwinds Further DXY is down about half a percent, and sitting almost directly on the 200-day at 99.25. Payrolls fell 23,000 against expectations near 83,000. May and June were revised down by a combined 103,000. The line that matters most is wages, where…