Futures market

Overview of the technical outlook for the major currencies, bonds, Treasuries, stocks, CRB and oil.

Overview of the technical conditions of the major markets.  

Overview of the price action in various currencies, S&P 500, Treasuries and the CRB Index

Outlook of the foreign exchange market in the week ahead, with some observations about equities and bonds.

Notice the “icicles” dripping all over the place? They occur at different times of the day. What are they? Each one is a brief but dramatic price drop.

A look at the price action in the major currencies, US Treasuries and the S&P 500.   

After all this time Greenspan still insists on blaming the people for the economic and financial havoc that he engendered from his perch in the Eccles Building. Indeed, posturing himself as some kind of latter day monetary Calvinist, he made it crystal clear in yesterday’s interview that the blame cannot be placed at his feet where it belongs:

"I have come to the conclusion that bubbles, as I noted, are a function of human nature."

C’mon.

A dispassionate look at the issues and events shaping the investment climate in the week ahead.  

Near-term outlook for the dollar, without resorting to inflammatory and unproven claims.

Overview of the price action in the forward exchange market and a look ahead.  

According to a paper by economists at UC Northwestern University and UC Berkeley, Anna Cieslak and Adair Morse and Annette Vissing-Jørgensen, another, even more surprising trading pattern using FOMC announcement has emerged. Specifically, anyone who engaged in the simple "even" strategy of buying the stocks of the S&P 500 on the day before a Fed policy announcement, selling them a week later, then buying them again the following week and sticking with the pattern until the subsequent Fed meeting generated a whopping 650% return since 1994, far outperforming the inverse "odd" strategy which shocking had a negative return over the past two decades years, and jsut as surprisingly, outperforming the market's own 505% return during this period.

• France's Sarkozy faces corruption probe in blow to comeback hopes (Reuters)
• Ukraine Says Military Offensive Against Rebels Yielding Results (WSJ)
• JPMorgan Investors Show Support for Dimon in Cancer Fight (BBG)
• World’s ATM Moves to Frankfurt as Yellen’s Fed Slows Cash (BBG)
• Argentina Seen Backtracking on Fernandez Vows as Legacy at Risk (BBG)
• Palestinian teen killed in possible revenge attack (Reuters)
• The Bill and Hillary Clinton Money Machine Taps Corporate Cash (WSJ)
• London House Prices Surge the Most Since 1987, Nationwide Says (BBG)
• Last Jew in Afghanistan faces ruin as kebabs fail to sell (Reuters)

Overview of the price action in the foreign exchange market and a short word on US 10-year Treasuries.

An overview of the price action in the FX market and a look at US 10-year yields.  No ride on an ideological hobbie horse or axe to grind.  Just trying to make sense of the price aciton

An interesting dynamic taking place in financial markets on Thursday as Gold saw some substantial buying interest up $22 to the $1295 an ounce area.