Archive for May, 2015
Friday, May 29th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Marking Time Ahead of US GDP
Anticipation of a sharp downward revision in Q1 US GDP has seen the dollar's gains trimmed a bit, though it has gained against all the major currencies this week. Rather than expand in the first three months of ...
Posted in Uncategorized | Comments Off on FX
Friday, May 29th, 2015
Bloomberg has an interesting (to me) article on the anticipated rate hike from the FOMC and what it will mean for traders who have never experienced serial rate hikes. The FOMC has not hiked rates since the 2004/2006 cycle of 17 25 basis point increases in the Federal Funds rate ...
Posted in Uncategorized | Comments Off on Behavioral Musings
Friday, May 29th, 2015
I do not have a treasure trove of information this morning. Dealers are reporting light volumes in fixed income with Asian central banks buying 10 year notes and credit related buying in the 10 year sector in both Asia and Europe.
Posted in Uncategorized | Comments Off on Overnight Flows
Friday, May 29th, 2015
I received this from a fully paid up subscriber. I do not know his source of the info.
GREECE: Timeline of key events in Greece:
- May 29 Brussels Group to continue talks with Greek negotiating team
- May ? Euro Working Group (EWG) conference call?
- May ? Extraordinary Eurogroup meeting?
- End May ...
Posted in Uncategorized | Comments Off on Greek Timeline
Friday, May 29th, 2015
Via Kit Juckes at SocGen:
There's a bit of a short-covering feel as the month of May draws to a close. We'll come back on Monday and start positioning for Flaming June instead. For what it's worth, in G10 the dollar 'won' May by a short head from the Swiss franc ...
Posted in Uncategorized | Comments Off on Morning Musings on the FX market
Thursday, May 28th, 2015
This is late because I passed the day in the Great South Bay. Some of this data has already been released but this is a worthwhile reference.
Via Robert Sinche at Amherst Pierpont Securities:
The Economic Commission Board of OPEC meets in Vienna…enjoy it while you can still afford to meet in ...
Posted in Uncategorized | Comments Off on Overnight Preview
Thursday, May 28th, 2015
Via Steve Liddy a friend and former colleague:
We’ve gone over my ADHD issues…so, try and stay with me on this…
Read this piece last night https://www.bondvigilantes.com/blog/2015/05/21/bonds-sold-off-even-rally-first-place/ which discussed the sell off and the impact ‘term premium’ had on the move. Now, I get the concept of ‘term premium’ but I do ...
Posted in Uncategorized | Comments Off on Guest Post
Thursday, May 28th, 2015
I have time for two more posts:
Via a fully paid up subscriber:
Before I get into this piece bear in mind that if I've figured out why we've seen this move then there are likely those much smarter than me who have also figured this out a day or so ago ...
Posted in Uncategorized | 2 Comments »
Thursday, May 28th, 2015
Via Bloomberg which I just recieved:
WHAT TO WATCH:
* (All times New York)
* Economic Data
*
* 8:30am: Initial Jobless Claims, May 23, est. 270k (prior
274K)
*
* Continuing Claims, May 16, est. 2.200m (prior
2.211m)
* 9:45am: Bloomberg Consumer Comfort Index, May 24 (prior
42.4)
* 10am: Pending Home Sales m/m, April, est. 0.9% (prior
1.1%)
*
* Pending Home Sales ...
Posted in Uncategorized | Comments Off on What to Watch Today
Thursday, May 28th, 2015
I will be out on the Great South Bay today with a couple of also retired former colleagues. We will be trolling the waters for fluke. See you tomorrow.
Posted in Uncategorized | Comments Off on Gone Fishing