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
Newcastle, Saturday 11 DecemberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($161.31 down $2.84, wkly, daily) pulled back into its consolidation zone, so I guess my more bullish view last week was premature.Fiat currenciesThe USD index (96.10 down 0.02 pts, wkly, daily) continues to consolidate within its uptrend.The AUD (71.71¢ … Read more
Newcastle, Sunday 5 DecemberPrice movements noted in this article are weekly not dailyGovernment bondsOn Friday the T-Bond price ($164.15 up $1.28, wkly, daily) broke up out of its short term and its medium term downtrends, an event of some importance. It suggests significant further gains in price and further falls in yield (1.68% down 0.15%, … Read more
Newcastle, Saturday 27 NovemberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($162.87 up $1.06, wkly, daily) rose sharply on Friday but remains within its triangle.Fiat currenciesThe USD index (96.09 up 0.06, wkly, daily) fell sharply on Friday but still finished the week a little ahead.The AUD (71.23¢ down 1.11¢, wkly, … Read more
Newcastle, Saturday 20 NovemberPrice movements noted in this article are weekly not dailyI can’t link to many charts today due to an IT problemGovernment bondsThe T-Bond price ($161.81 up 0.44, spliced, wkly, daily) closed the week up a little after falling further earlier in the week then recovering its loss. On a back-adjusted basis (wkly, … Read more
Newcastle, Saturday 13 NovemberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($161.37 down $1.50, weekly, daily) rose further on Tuesday, breaching the medium term downtrend, then pulled back sharply the very next day to close inside the downtrend. So I am assuming the downtrend remains in force. That view will … Read more
Newcastle, Saturday 6 NovemberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($162.875 up $2.031, weekly, daily) rallied strongly on Friday, to the extent that it is challenging the short-term downtrend line and in fact the medium term downtrend too. So the yield (1.886%, daily) has fallen. Not sure what it … Read more
Newcastle, Saturday 30 OctoberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($160.84 up $2.56, weekly, daily) rallied within its downtrend during the week.Ozbonds ($97.885 down $0.29, weekly, daily) are playing their own game; a big fall occurred on Friday to take the price to just below February’s low.Fiat currenciesThe USD … Read more
Newcastle, Saturday 23 October Price movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($158.28 down $1.09, weekly, daily) is consolidating within its downtrend.Fiat currenciesThe USD index (93.64 down 0.30 pts, weekly, daily) has pulled back from near a level of resistance but remains in short term uptrend.The AUD (US74.64¢ up 0.43¢, … Read more
Newcastle, Saturday 16 OctoberPrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices $159.37 up $1.62, weekly, daily) are consolidating within their downtrend.Fiat currenciesThe USD index (93.397 down 0.130, weekly, daily) is consolidating within its uptrend.The AUD (74.21¢ up 1.15¢, weekly, daily) rose quite strongly against the USD during the week and looks … Read more
Newcastle, Saturday 9 October 2021Price movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($157.75 down $2.59, weekly, daily) fell further and so its yield (2.16 up 0.12%, weekly, daily) rose further; the latter is now edging up against a downtrend line.Bond prices are plummeting in other jurisdictions too; in fact gilts … Read more
Newcastle, Saturday 2 OctoberPrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices ($160.34 down $0.62, weekly, daily) fell sharply earlier in the week then bounced. Correspondingly, the chart of the T-Bond yield (2.04% up 0.05%, weekly) shows a break upwards from the recent trading zone but there is some overhead resistance at … Read more