Currently viewing the tag: "Currencies"

Financials: Mar. Bonds are currently 1 lower at 149’16, 10 Year Notes fractionally higher at 129’21.5 and 5 Yr. Notes unchanged at 120’18.2. If you were a seller in Bonds in the 150’15 area either take profits or lower your buy stop to the 150’06 level ahead of the FOMC early this afternoon. We still [...]

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It is estimated that over 2 billion chicken wings will be consumed on Super Bowl Sunday. That means 1 billion chickens gave the ultimate sacrifice for our munching pleasure. It occurred to me…. Does PETA know about this? Of course all they would care about was whether they were caged or free range chickens. And [...]

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The Nemenoff Report 1/20/15 Financials: Bonds are unchanged at 149’17, 10 Yr. Notes 1.5 lower at 129’26 and the 5 Yr. Note 1.5 lower at 120’24. Last week we took action on our spread position of long June 2015/short June 2017 Eurodollar futures by selling the long June 2015 leg of the spread leaving us [...]

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The Nemenoff Report 1/15/15 Financials: Mar. Bonds are currently 5 higher at 149’18, 10 Yr. Notes 6 higher at 129’30 and the 5 Yr. 4 higher at 120’28. The big news is the Swiss no longer willing to support the Euro at 120 to the Franc and lowering a key interest rate to -0.75%. If [...]

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The Nemenoff Report 1/14/15 Financials: Mar. Bonds are currently 1’10 higher at 149’30, 10 Yr. Notes 25 higher at 130’03 and 5 Yr. Notes 16 higher at 120’30. Retail sales this morning were down -0.9% vs. estimate of -.0.2. Needless to say this was disappointing. Add to this the fact that the ECB is getting [...]

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The Windy City Trader 1/12/15

On January 12, 2015 - 5:17 PM By

There was a number of hot air balloons parked outside the theater where the Golden Globes were held last night. The strange thing was that ½ way through the ceremony the balloons started to rise and yet the flames generating the air were not yet lit. After careful analysis it was determined that all the [...]

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Financials: Mar. Bonds 4 higher at 147’21, 10 Yr. Notes 3 higher at 128’22 and 5 Yr. Notes 3 higher at 120’03. Friday’a Job Report showed an increase in non-farm payrolls of 252,000. Inspite of this economically positive number the market chose to focus more on the slight drop in wages and the situation in [...]

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Gas Wars. DRY HEAT Report 1/12/15

On January 12, 2015 - 7:48 AM By

Last week I mentioned, in my General Comments, that I thought of crude oil as a bellwether for most commodities. There are different opinions about the effects of the 50+% decline in the price of crude. One argument is that it will save the average consumer money to be spent on other items, thereby friendly. [...]

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Financials: Mar. Bonds are currently 1 lower at 148’04, 10 Yr. Notes 1 lower at 128’10.5 and 5 Yr. Notes unchanged at 119’22.2. Yesterday the Bonds broke through to the upside penetrating a technical double top in the 148’00 area for a lead month contract and made a high of 149’08. Being somewhat of a [...]

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The Windy City Trader 1/7/15

On January 7, 2015 - 7:55 AM By

I love Christmas but I’m not crazy about the additional 5 pounds gained every year between Thanksgiving and New Years. I’m not a big believer in New Year’s resolutions and figure if I want to change something what is the difference if it is January 1 or April 27. Except for that getting rid of [...]

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Financials: Mar. Bonds are currently 9 higher at 145’25, 10 Yr. Notes 3 higher at 127’08 and 5 Yr. Notes fractionally higher at 119’04. I still feel that rates will eventually edge higher mid year but I’m not willing to commit myself to a net short position in these markets yet. For short term trading [...]

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Bellwether. DRY HEAT Report 1/5/15

On January 5, 2015 - 8:26 AM By

Recently the stock market did something it hadn’t done since 2008. It traded down on the last trading day of 2014 and down again on the first trading day of 2015. I can’t say that it portends anything in particular for the rest of the new year, but I would bet we will see more [...]

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