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
Newcastle, Saturday 25 SeptemberPrice movements noted in this article are weekly not dailyGovernment bondsThe quandary I had last week was resolved with lower T-Bond prices ($160.97 down $1.63, weekly, daily) and higher T-Bond yields (1.988% up 0.079%, weekly, daily). But it is difficult to call what happens next.Bond prices in other jurisdictions also fell. Fiat … Read more
Newcastle, Sunday 19 SeptemberPrice movements noted in this article are weekly not dailyGovernment bondsThe triangular chart pattern for the T-Bond yield (1.909% down 0.025%, weekly, daily) has broken to the downside; normally this would suggest further falls to come.Such an outcome of course implies rising bond prices; but the problem with that interpretation is that … Read more
Newcastle, Saturday 11 SeptemberPrice movements noted in this article are weekly not dailyDid a shortened version this week. Took me much less time.Government bondsT-Bonds are still marking time within a triangular pattern. The yield chart (1.93%, daily) shows it best.Fiat currenciesNothing much happening.Hard currenciesDitto for gold. Pretty boring.The never-boring bitcoin ($44.90 down ~$5 per mB … Read more
Newcastle, Sunday 5 SeptemberPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($162.90 down $1.59, weekly, daily) continues to consolidate within its recent trading range. Likewise, the T-Bond yield (1.94%, daily) is trading within a little triangle.Fiat currenciesThe uptrend in the USD index (92.04 down 0.65, weekly, daily) has now clearly … Read more
Newcastle, Saturday 28 AugustPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($164.50 down $1.25, weekly, daily) is still dithering over whether to rise or fall.Fiat currenciesThe USD Index (92.69 down 0.81, weekly, daily) pulled back after that tentative break of resistance during the previous week, so it is possible it … Read more
Newcastle, Saturday 21 AugustPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($165.76 up $1.36, weekly, daily) rallied further this week but hasn’t (as yet) matched the previous high. In recent weeks my opinion was that the price would fall but at this point I will await a clearer picture before … Read more
Newcastle, Sunday 15 AugustPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($164.40 up $0.22, weekly, daily) continued its fall earlier in the week and in doing so broke the June/July uptrend. It rallied on Friday, leaving the price slightly up on the week, but the damage has been done and … Read more
Newcastle, Saturday 7 AugustPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($164.18 down $0.53, weekly, daily) rose to $167 on Tuesday, almost matching the June high of $167 1/4, then fell sharply on Friday. The June/July uptrend remains in place, just. The chart of the T-Bond yield (1.934%, daily) shows … Read more
Newcastle, Saturday 31 JulyPrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices (164.7, daily) are still in medium term uptrend and still trying to overcome resistance at current levels.Fiat currenciesThe USD Index (92.17 down 0.74, weekly, daily) reversed its uptrend this week, so all bets are off. I suspect it is going … Read more
Newcastle, Sunday 25 July 2021Price movements noted in this article are weekly not dailyGovernment bondsT-Bond prices ($164.03 up $0.21, weekly, daily) pushed through the downtrend line to which I have been referring for some weeks now, then pulled back. The uptrend is still well intact.Fiat currenciesThe USD Index (92.91 up 0.23, weekly, daily) continued its … Read more
Newcastle, Saturday 17 JulyPrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices ($163.81 up 1.19, weekly, daily) rose a little but did not exceed the high recorded in the previous week. So the “further downtrend line” that I referred to last week is still dominating the picture. If and only if it … Read more
Newcastle, Sunday 11 July 2021Price movements noted in this article are weekly not dailyGovernment bondsT-Bond prices ($162.62 up $1.72, weekly, daily) pushed through the red line then pulled back sharply on Friday. The peak of $164.93 was a little below a further downtrend line.Fiat currenciesThe USD Index (92.13 down 0.10 pts, weekly, daily) has lost … Read more
Newcastle, Saturday 3 JulyPrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices ($160.90 up $2.15, weekly, daily) continue in their short term uptrend but remain below resistance drawn in red on my chart. Govt bonds in other jurisdictions are rallying too.Fiat currenciesThe USD Index (92.23 up 0.38 pts, weekly, daily) remains in … Read more
Newcastle, Saturday 26 JunePrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices ($158.75 down $2.19, weekly, daily) rose to a high on Monday then pulled back to close down on the week. The short term uptrend remains intact but Monday’s peak hit a longer term downtrend line (drawn in red on the … Read more
Newcastle, Saturday 19 JunePrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices (160.94 up 1.72) ticked up a little further this week. Rather than charts of bond prices, I include charts of the yield (2.03% down 0.13%, weekly, daily) because the break of trend is very clear.In contrast, bond prices in other … Read more
Newcastle, Saturday 12 JunePrice movements noted in this article are weekly not dailyGovernment bondsT-Bond prices (159.21 up 1.75, weekly, daily) appear to be breaking upwards out of their three month consolidation zone. At the same time they have broken a downtrend line. There is still a final barrier to overcome before it becomes certain that … Read more
Newcastle, Sunday 30 MayPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($158.125 up $0.875, weekly, daily) kicked up a touch but remains in its consolidation zone within its downtrend of some months duration.The Ozbond price ($98.37 up 0.05, weekly, daily) is wedging upwards within its downtrend and are a week … Read more
Newcastle, Saturday 22 MayPrice movements noted in this article are weekly not dailyGovernment bondsThe T-Bond price ($157.25 up $0.44, weekly, daily) remains in its consolidation zone, so if a change of sentiment is occurring it’s very slow. Ditto the OzBond ($98.33 up $0.07, weekly, daily).Fiat currenciesThe USD Index (90.02 down 0.30 pts, weekly, daily) recorded … Read more
Newcastle, Sunday 16 MayPrice movements noted in this article are weekly not daily.Government bondsI have spent a little more time than usual on T-Bonds today because it seems a change in sentiment is occurring, possibly triggered by that high CPI figure this week. That has an impact on stock valuations, especially for high growth companies … Read more