- Story Log
User | Time | Action Performed |
---|---|---|
-
Japanese Yen Forecast: USD/JPY Bulls Wrestle Above 150
The Japanese Yen continues to trade near the yearly extremes against the US Dollar with USD/JPY struggling just below multi-year resistance. The advance comes amid weakness in the US Dollar and Treasury yields and the non-confirmation high of related assets suggests the threat for exhaustion here. That said, a rally above a key technical pivot zone keeps the medium-term focus higher and we’re looking for a breakout of the November opening-range for directional guidance here. These are the updated targets and invalidation levels that matter on the USD/JPY weekly technical chart. Technical Outlook: In last month’s ... (full story)
- Comments
- Subscribe
-
- Older Stories
We are proud to announce the launch of our new Mini account, specifically crafted to cater to traders in emerging markets. Reflecting our dedication to innovation and inclusivity, ...
As part of its contribution to the stability of the financial system, the Swiss National Bank acts as lender of last resort. In this role, it makes emergency liquidity assistance available to banks when, in crisis situations, they need substantial liquid funds which they are no longer able to obtain on the market. The SNB provides this liquidity assistance in the form of secured loans. It accepts a broad range of collateral for this - in particular also illiquid assets. The aim is for banks to be able to obtain as much liquidity as possible from the SNB should the need arise. Until now this liquidity assistance has been prepared with all systemically important banks. It is now being expanded to allow all banks to obtain liquidity assistance against mortgages when needed - provided they prepare their collateral for this. Failure to prepare can severely restrict the volume of liquidity assistance available. It is therefore important going forward that banks prepare enough collateral for transfer. However, even if they prepare well, it is possible that their collateral might not be sufficient to cover their liquidity needs. It is in such extreme situations - when even the SNB's emergency liquidity assistance is not enough - that the proposed public liquidity backstop (PLB) currently being discussed by parliament should post: SNB'S VICE CHAIRMAN SCHLEGEL: THE SWISS NATIONAL BANK IS PUSHING AHEAD WITH ITS PLAN TO OFFER LIQUIDITY AID TO ALL BANKS IN SWITZERLAND RATHER THAN JUST SYSTEMICALLY RELEVANT LENDERS.
The Pound Euro (GBP/EUR) exchange rate was volatile today as a lack of data left the currencies vulnerable to their respective economic outlooks. At the time of writing the ...
-
- Newer Stories
table post: 30Y auction: biggest tail on record pic.twitter.com/JxHjkq7pgw US treasury auctions off $24 billion of 30 year bonds at a high yield of 4.769% US Treasury auctioned off $24B of 30-year bonds • WI level at the time of the auction: 4.716% • Tail 5.3 basis points: 6-auction average 0.9bps, prev. 3.7bps • Bid-to-Cover 2.24X: 6-auction avg. 2.44x, prev. 2.35x • Dealers 24.73%: 6-auction avg. 12.7%, prev. 18.2% • Directs (a measure of domestic demand) 15.16%: 6-auction avg. 18.6%, prev. 16.7% • Indirects (a measure of international demand) 60.11% : 6-auction avg. 68.6%, prev. 65.1% Auction Grade: F • Tail of 5.3 basis points. Ouch. • The bid to cover is below the 6 month average. • The dealers are stuck with 24.73% well above the 6 month average of 12.7%. Ouch. • Directs - a measure of domestic demand - was well below the 6 month average. Ouch • Indirects - a measure of international demand - was well below the 6 month average. Ouch. There was nothing good about this auction. A look at the treasury curve currently shows: 2-year yield 4.997% up 5.9 basis points 5-year yield 4.625% +10.4 basis points 10-year yield 4.634% +12.6 basis points 30-year yield 4.810% +15.5 basis points
post: Ransomware attack on ICBC disrupts US Treasury market: FT A ransomware attack on the Industrial and Commercial Bank of China has disrupted the US Treasury market, according to market participants. The Securities Industry and Financial Markets Association told members on…
Federal Reserve Bank of St. Louis interim president Kathleen O’Neill Paese suggested policymakers should be ready to raise interest rates further if progress on inflation slows. ...
- Story Stats
- Posted: Nov 9, 2023 12:54pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,434