Posted Sep 24, 14:37

Yields Make a Break

Yields Make a Break Chart
Sep 24: 

When the Fed dots shifted hawkishly in June, the bond market balked and long-end yields fell in a signal the FOMC could be making a policy error. That was the signal again immediately after the FOMC on Wednesday but on Thursday there was a total reversal as rates jumped to the highest in two months in a potential signal that the reflation trade is back on. Powell will speak alongside Vice Chair Clarida at the top of the hour. All currencies are down vs the USD, with the NZD and AUD the weakest and CHF and EUR the strongest. 1.45% marks the next key resistance on the 10-yr as shown below. 

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PREMIUM INSIGHTS Update: Sep 22, 18:40
See you in Dubai نراكم في دبي Sep 23, 2021 17:09: 

انضموا إلينا في دبي فوركس إكسبو يومي 29 و30 سبتمبر لفرصة التعرُّف على وجهة الأسواق العالمية القادمة مع خبير الأسواق العالمية أشرف العايدي واحصلوا على فرصة حصريّة ومميّزة لحضور عشاء خاص مع أشرف العايدي ومناقشة فرص الأسواق
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See you in Dubai نراكم في دبي - Dubai Expo Cover (Chart 1)


FOMC Consistent with Jackson Hole Sep 23, 2021 13:52: 

The FOMC upped its hawkish message on Wednesday, but the market reaction was mixed in with developments on Evergrande. There is an explanation in the final paragraph on why FX held and indices held up despite seemingly hawkish twist.  GBP is up after the BoE showed more optimism in its statement/minutes. The Canadian dollar is the top performer while the yen lagged on the day. Canadian retail sales fell by less than expected and US jobless claims edged up rose to 351K, a little more than expected. A new Premium FX trade was issued ahead of yesterday's FOMC statement. Below is some of our analysis on the Fed's new dot plot, Powell's presser and market reaction.   

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FOMC Consistent with Jackson Hole - Fomc Dots Mar Vs Sep 2021 Post (Chart 1)


The Strongest & Weakest

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