28 Jul 2015

TLT Caught In Limbo Between 50- And 200-Day Averages

by | posted in: Credit, Derivatives, Economy, Technicals | 0

Last week, non-commercials went net long 10-year note futures for the first time since September 2014.  For reference, they were net short north of 183,000 contracts as early as early May and 261,000-plus at the end of last December (Chart … Continued

26 Feb 2015

Dollar seems finally ready to come under pressure

by | posted in: Credit, Currency, Derivatives, Economy, Technicals | 0

Contrary message from U.S. dollar and bonds as to prospects for interest-rate hike by Fed Latest Humphrey-Hawkins testimony shows Chair Janet Yellen leaning dovish Hedge funds are neck-deep in bullish dollar bets, expecting higher rates Currency and bond markets are … Continued