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The front end is pining for Fed cuts

The bottom continues to fall out US 2-year yields are now trading more than 40 basis points below Fed funds. The odds of a March 18 cut in the OIS market have risen to 35% from 6% last Thursday.

WTI crude oil futures settle at $48.73

Down $1.17 or -2.34%. The price of WTI crude oil futures settled at $48.73. That was down $-1.17 or -2.34%. The high price for the day reached $50.44 after the inventory data. The low extended to $48.30. 

Gold tries to bounce back above the 100 hour MA

Bounced off yesterday lows The price of gold moved lower test the low from yesterday at $1625.22. The low today reached just below that level at $1624.98.  The price got a push higher on the Nassau County headlines, but is stalling near the 100 hour MA at $1646.79.  The price has traded above and below that

Dominoes start to fall: USD/CAD breaks the 2020 high as crude crumbles

USD/CAD breaks resistance On Monday I for a potential breakout in USD/CAD because a number of resistance bands are above and they could topple like dominoes.

Oil is crumbling: WTI falls below $49 and keeps falling

Crude down 2.65% Another day, another handle. After breaking below $50 yesterday, oil fell through $49 today and is now down to $48.50, which is the lowest since the brief rout at the end of 2018.

NY Gov. Andrew Cuomo: 27 possible virus cases explored, all came back negative

One possible virus cases still pending Gov. Andrew Cuomo is now saying: Meanwhile the press conference in Nassau County is saying there are 83 cases, but no positives for the coronavirus.   

Is the signal from the cable swings simply that volatility is higher?

Maybe we're trying to read too much into it We've had back-to-back 100-pip swings in cable and it's impossible to pin down what's behind it. If we go back a bit further, the story since the election has really been similar. At times there are meaningful headlines -- mostly about prospects for fiscal stimulus -- but

Major indices trades to new lows. Move into the red.

Up and down swings The US major indices have traded to new session lows in the last few minutes and also moved into the red for the day. ForexLive

SNBs Maechler: SNB is ready to intervene

SNBs Maechler warns of intervention The SNBs was out earlier saying that the  ForexLive

US treasury auctions $41 billion of 10 year notes at high yield of 1.15%

WI yield at 1 PM Auction 1.149% If I were to give it a grade it would be a C. ForexLive

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