DXY for the past 8 weeks traded in a fairly straight line from 103.00’s to 99.00’s  As the July lows achieved 99.00’s , DXY not only traded to high 102.00’s but supports were created at 100.38, 100.81, 101.07 and 101.20. This week, DXY traded freely at 128 pips inside open ranges from 101.00’s to overbought […]

Bunds and US Treasuries parted ways yesterday. Yields on the latter surged more than 8 bps at the long end of the curve. That had little to do with the Fitch rating downgrade, though it was related to one reasons for the decision: the deterioration fiscal situation. US Treasury for the first time in over two years […]

European markets underwent another negative session yesterday, clobbered by concerns over weaker than expected economic activity, which in turn is raising concern for earnings growth heading into the second half of the year. Throw in a US credit rating downgrade from Fitch and the catalyst for further profit taking after recent record highs for the […]