IRX, the 13-Week Treasury Bill yield has spiked above its relevant highs of 0.05 after the recent FOMC announcement, which hinted of a potential review of the Fed's Target Range for the Federal Funds Rate (now at 0-0.25%) This spike in prices indicates that at the moment the expectations for the rate range hike are present, as IRX is closely correlated to Federal...
IRX (13-week treasury bill index) failed to hold above relevant highs of 0.07% and reverted back to hear-zero levels. Due to its correlation to Effective Fed Funds rate, IRX will serve as an expectations indicator of upcoming federal reserve rate hike Most likely reason of the lack of expectations regarding the rate hike in September is another leg of downtrend...
On a larger time frame the USDCAD is a Long Trade. This is because of divergent monetary expectations with regard to the BoC and the Fed with the latter having recently cut rates for the CAD and a rate hike being priced in for the USD. This is a technical short off the 1.300 Handle that confluences with the 261.8 Fib extension of the Bearish corrective wave from...
Since mid-summer 2014 the 10-Year Treasury Yield started correlating with WTI Crude Oil, which can be seen on the image below: The correlation was established as a result of dynamics of oil prices, when falling oil was perceived as a risk to inflation. Expectations of lower inflation have driven the 10-Year Yield down with the WTI Oil. Market has perceived...
Tetra Technologies beat analyst's Q4 earnings expectation with $0.09 versus $0.08 estimated. The chart is forming a double bottom reversal to go long on.