Weekly 4X futures positioning data for the CFTC for the week ending Tuesday, March 9, 2021
Highlights:
Highlights:
Schlagwort-Archiv: GBP
US tops 100m vaccine doses administered
Impressive milestone
History has shown many times that when the American war machine gets going it’s unstoppable.
Biden moved up the goal to full availability at May 1 this weekend. It looks like they could do it even faster. The good news is that the entire world is likely on a quicker curve as well.
History has shown many times that when the American war machine gets going it’s unstoppable.
Biden moved up the goal to full availability at May 1 this weekend. It looks like they could do it even faster. The good news is that the entire world is likely on a quicker curve as well.
S&P trades to a new session high and nearly erases loss for the day
Dow industrial average continues to lead the way and the Nasdaq lags far behind
The S&P index is traded to a new session high 3937.66. That took the price nearly to unchanged on the day. The current price is at 3937.31, down -2.03 points or -0.05%.
The S&P index is traded to a new session high 3937.66. That took the price nearly to unchanged on the day. The current price is at 3937.31, down -2.03 points or -0.05%.
Treasury yields at the highs for the day ahead of North American trading
10-year Treasury yields are up over 7 bps at 1.612%
The market managed to catch some relief over the past few days as 10-year Treasury yields eased lower from 1.60% on Monday to a low of around 1.48% yesterday. But when sentiment turns, it sure turns rather quickly.
The market managed to catch some relief over the past few days as 10-year Treasury yields eased lower from 1.60% on Monday to a low of around 1.48% yesterday. But when sentiment turns, it sure turns rather quickly.
Nasdaq futures slump 2% as the wild ride continues
Tech bearing the brunt of the rise in yields today
This is hurting broader sentiment in general as well but not by a whole lot as the rise in yields is sticking around 1.60% for the time being (for 10-year Treasuries).
This is hurting broader sentiment in general as well but not by a whole lot as the rise in yields is sticking around 1.60% for the time being (for 10-year Treasuries).
Euurozone January industrial production +0.8% vs +0.5% m/m expected
Latest data released by Eurostat – 12 March 2021
That said, overall industrial production is still working its way back to pre-virus levels but at least the tighter restrictions aren’t having much negative impact for now.
That said, overall industrial production is still working its way back to pre-virus levels but at least the tighter restrictions aren’t having much negative impact for now.
ECB’s Muller: Faster pace of PEPP buying is temporary
Remarks by ECB policymaker, Madis Muller
If he’s trying to send a strong message, saying that the total PEPP envelope will stay the same isn’t really all too convincing. Nonetheless, with plenty of ambiguity as to how much so the ECB will pursue quicker and more purchases, they will have more to do in the months
If he’s trying to send a strong message, saying that the total PEPP envelope will stay the same isn’t really all too convincing. Nonetheless, with plenty of ambiguity as to how much so the ECB will pursue quicker and more purchases, they will have more to do in the months
EUR/USD slumps to fresh lows on the day as dollar continues to push higher
EUR/USD falls to 1.1916, nears a test of its 100-hour moving average
It is all about the dollar and yields in European morning trade, as a surge in the former is keeping the greenback bid throughout the session so far.
It is all about the dollar and yields in European morning trade, as a surge in the former is keeping the greenback bid throughout the session so far.
EU warns of more vaccine delays to follow – report
EU governments reportedly brace for further delays to vaccine rollout
Adding to that is Johnson & Johnson, whose vaccine should be approved by the EMA this week, has yet to provide a delivery schedule for its vaccine.
Adding to that is Johnson & Johnson, whose vaccine should be approved by the EMA this week, has yet to provide a delivery schedule for its vaccine.
US futures extend gains ahead of North American trading
Nasdaq futures up 2% on the day now
As Treasury yields are keeping lower, risk sentiment continues to fare better in European morning trade as equities – tech in particular – are shooting higher.
As Treasury yields are keeping lower, risk sentiment continues to fare better in European morning trade as equities – tech in particular – are shooting higher.