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Wednesday, August 7, 2024

American Market Recap: Mnuchin says it's time to kill the 20-year Treasury bond

Mnuchin says it's time to kill the 20-year Treasury bond

We haven't heard much from Steve Mnuchin since the Trump administration ended but the former Treasury Secretary and Hollywood financier is in the news today. He says that the US should drop the 20-yea... 

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Australian dollar falls to unchanged on the day as the risk trade bleeds

AUDUSD 10 minute It's all gone wrong for risk assets in the latter half of US trading. The selling started after European equities closed but really picked up after a poor US 10-year Treasury auction.... 

Unlock the power of 100/200 bar MAs to limit risk in your trading

If you read my posts, or watch my videos on Forexlive.com, the 100 and 200 bar MAs are a key and important tool The reason is those MAs are followed by many traders from around the world. Morevoer, th... 

US June consumer credit outstanding +$8.93 billion vs +$10.0 billion expected

Prior was +11.35B (revised to +13.95B) Revolving -1.5% Non-revolving +3.4% Jamie Dimon was out today saying that credit card delinquencies were stabilizing and that he was optimistic about the consume... 

US stocks fall into negative territory, give back big gains as chipmakers slump

SPX 10 mins Suddenly, it's not a pretty picture in global equity markets. Today's 10-year Treasury sale was a poor one, pushing yields higher. The bond market has stabilized since but stocks are now a... 

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Latest Forex Orders

FX option expiries for 7 August 10am New York cut

There is one to take note of on the day, as highlighted in bold . However, there is a major caveat attached to it. That considering it is one for USD/JPY and price action there is extremely volatile a... 

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