Newcastle, Saturday 16 JulyPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($140 up $3, wkly, daily) is trading in a consolidation zone which might or might not be the right shoulder of a head and shoulders bottom formation.Fiat currenciesThe USD index (108 up 1pt, mthly, wkly, daily) again rose strongly … Read more
Newcastle, Sunday 10 JulyPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($136.84 down $2.50, wkly, daily) extended the previous week’s rally to a litttle over $142 by Wednesday then pulled back sharply to close lower on the week. The steep downtrend from the March high of over $160 has been … Read more
Newcastle, Saturday 2 JulyPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($139.34 up $3.31, wkly, daily) has rallied further, much more so than in the previous week, to the extent that one could argue the downtrend from the March high has been broken. But the power of the long term … Read more
Newcastle, Saturday 25 JunePrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($136.03 up $1.37, wkly, daily) has rallied but remains in downtrend.Fiat currenciesThe USD index (104.18 down 0.52 pts, wkly, daily) pulled back but remains in its uptrend.The AUD (US69.48¢ up 0.18¢, wkly, daily) remains in its downtrend of 2-3 … Read more
Newcastle, Saturday 18 JunePrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($134.65 down $0.97, wkly, daily) fell sharply earlier in the week to hit a new low, before rallying somewhat. Correspondingly, the yield (mthly, wkly, daily) rose to a high of 3.45%, matching the peak seen in 2018, before retreating … Read more
Newcastle, Saturday 11 JunePrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($135.62 down $2.50, wkly, daily) is approaching the bottom of its $135-$143 short term consolidation range.Fiat currenciesThe USD index (104.15 up 2.01 pts, wkly, daily) rose sharply on Thursday and Friday. It continues in its short term, medium term … Read more
Newcastle, Saturday 4 JunePrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($138.13 down $3.81, wkly, daily) pulled back short of resistance at $143.40. It is possibly entering a period of consolidation.But gilts (wkly) and Bunds (wkly) continued to fall in price.Fiat currenciesThe USD index (102.14 up 0.47 pts, wkly, daily) … Read more
Newport, Saturday 28 MayPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($141.94 up $0.15, wkly, daily) is clawing its way back up in its rally from the recent low. If it breaks minor resistance at $143.40 the rally could extend but still remain well within its longer term downtrend.Fiat currenciesThe … Read more
Newcastle, Saturday 21 May Price movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($141.78 up $2.69, wkly, daily) rallied further this week and while still in medium term downtrend it wouldn’t take much more of a rise to change that view. Another couple of dollars would do it. Doesn’t mean it … Read more
Newcastle, Saturday 14 MayPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($139.09 up $2.78, wkly, daily) rallied during the week as I thought it might but remains in downtrend.Fiat currenciesThe USD index (104.56 up 0.90 pts, mthly, wkly, daily) sailed right through the 2016 high, so I was wrong last … Read more
Newcastle, Saturday 7 MayPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($136.31 down $4.37, wkly, daily) took another lurch downwards to match the low seen in 2018. A rally from this area of support is a reasonable possibility.Fiat currenciesFollowing its big surge in the previous week to match the 2016 … Read more
Newcastle, Saturday 30 AprilPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($140.69 up $0.59, wkly, daily) rallied a touch. A furher rise cannot be ruled out but the long term trend is clearly down.Similar story in other jurisdictions.Fiat currenciesThe USD index (102.95 up 1.73 pts, wkly, daily) soared to match … Read more
Newcastle, Saturday 23 AprilPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($140.09 down $0.97, wkly, daily) slipped a little further. It is now down 12% so far this year and 27% since the peak of over 191 seen in March 2020, and is approaching the low of $136 attained in … Read more
Newcastle, Saturday 16 AprilPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($141.06 down $2.09, mthly, wkly, daily) fell further this week and has now clearly broken its long term trend. That doesn’t mean it can’t have a rally at some point, perhaps a significent rally, but the party is well … Read more
Newcastle, Saturday 9 AprilPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($143.15 down $6.65, mthly, wkly, daily) plummeted this week to test the long term uptrend of almost 40 years standing. So of course the yield (2.75%, mthly, wkly, daily) rose sharply although I should add that the very long … Read more
Newcastle, Saturday 2 AprilPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($149.82 up $2.75, wkly, daily) bounced but remains in downtrend.Fiat currenciesThe USD index (98.63 down 0.16 pts, wkly, daily) continues to consolidate within its medium term uptrend.The rally in the AUD (74.99¢ down 0.13¢, wkly, daily) remains stalled a … Read more
Newcastle, Saturday 26 Mar 2022Price movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($146.06 down $5.41, mthly, wkly, daily) dropped sharply once again. The fall seen in the last couple of years from the high of $192 has all occurred within the major decades-long trend which commenced in the early 80s … Read more
Cobar, Saturday 19 MarchPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($161.43 down $3.62, wkly, daily) has pulled back further from the “Putin Blimp” of 2 weeks ago and remains in medium term downtrend.Fiat currenciesThe USD index (98.23 down 0.89 pts, wkly, daily) is consolidating after its recent gains and … Read more
Adelaide, Saturday 12 MarchPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($155.06 down $4.25, wkly, daily) retreated this week after that “Putin blip” in the previous week.Fiat currenciesEarlier in the week the USD index (99.124 up 0.476, wkly, daily) made another new high within its uptrend.The AUD (72.90¢ down 0.80¢, … Read more
Newcastle, Saturday 5 MarchPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($159.31 up $7.06, wkly, daily) rose sharply and so there was a fall in the 30-yr T-Bond yield (2.15% down 0.15%, wkly, daily) which interrupted the hitherto steep uptrend in yields. Gilts and Eurobunds behaved similarly. Presumably it is … Read more
Newcastle, Saturday 26 FebruaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($152.25 down $0.78, wkly, daily) kicked up during the week then fell back. It still looks to be in downtrend.Fiat currenciesThe USD index (96.62 up 0.57 pts, wkly, daily) continues in its uptrend.The AUD (72.32¢ up 0.59¢, wkly, daily) … Read more
Newcastle, Saturday 19 FebruaryPrice movements noted in this article are weekly not dailyUnfortunately I had forgotten to renew my subscription to DataTools which gives me the data for futures markets and commodities. So today I can only comment on bitcoin and stock markets. Things should return to normal next week. But I can say even … Read more
Mittagong, Sunday 13 FebruaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($152.66 down $0.59, wkly, daily) has broken key support. The corollary is that the yield (2.21% up 0.02%, wkly, daily) has taken another leg up although it pulled back on Friday.Fiat currenciesThe USD index (96.08 up 0.60 pts, wkly, … Read more
Newcastle, Saturday 5 FebruaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond futures price ($153.25 down $2.50, wkly, daily) is testing support at $153. The T-Bond yield ($2.23% up 0.15%, wkly) has actually broken through on the upside so I think the bond price will crack down.And this was the week that … Read more
Newcastle, Saturday 29 JanuaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond futures price ($155.75 down 19¢, CCS wkly, daily) is still holding up above support at around $153.It’s interesting that the Eurobund futures price (€170.02 down €0.27, CCB wkly) hasn’t broken down yet but presumably it is just a matter of … Read more
Newcastle, Saturday 22 JanuaryPrice movements noted in this article are weekly not dailyGovernment bondsDuring the week the T-Bond price ($155.94 up $0.59, wkly, daily) fell to $153.21 to match the low seen in March 2021. This support held and the T-Bond subsequently rallied.Fiat currenciesThe USD index (95.64 up 0.48 pts, wkly, daily) managed another small … Read more
Newcastle, Sunday 16 JanuaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($155.34 up $0.22, wkly, daily) this week paused within its downtrend.Fiat currenciesThe USD index (95.17 down 0.55 pts, wkly, daily) broke support at 95.60 and fell sharply to find support at 94.60 pts, then staged a rally on Friday … Read more
Newcastle, Saturday 8 JanuaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($155.13 down $5.31, wkly, daily) has fallen heavily, cutting significant support. It would appear that the downtrend from the ATH of $191.69 seen in March 2020 may be resuming after a pause for most of 2021.Fiat currenciesThe USD index … Read more
Newcastle, Saturday 1 JanuaryPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($160.43 down $0.03, wkly, daily) continues to consolidate within its triangle of 10 months duration.Fiat currenciesThe USD index (95.97 down 0.05 pts, wkly, daily) pulled back on Friday to the bottom of its recent trrading range, then recovered. It … Read more
Newcastle, Saturday 18 DecemberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($162.56 up $1.25, wkly, daily) continues to consolidate.Fiat currenciesThe USD index (96.57 up 0.47 pts, wkly, daily) continues to consolidate in a narrow range within its uptrend.The AUD (71.24¢ down 0.47¢, wkly, daily) remains above support at 70¢.Hard currenciesThe … Read more