Forex Consulting

US stock market opens flat

S&P 500 slightly higher at the open It was a rollicking day for the S&P 500 yesterday. It surged on the Trump-Russia story reversal and the tax cut but late in the day the gains evaporated into a small decline. Copyright 2015 Forexlive.com

Forex Consulting

BAML is back for another kick at 3% Treasury notes

Predicting higher yields next year is a December tradition Predicting higher yields next year is a December tradition. This year it’s Bank of American Merrill Lynch forecasting that US 10-year yields will move to 2.85% in the first quarter of the year and ‘toward’ 3% by the end of 2018. Copyright 2015 Forexlive.com

Forex Consulting

Barclays trade of the week: Short GBP/JPY

Barclays on fading Brexit optimism Barclays Capital FX Strategy Research discusses GBP outlook in the near-term, and thinks that investors should consider fading the current priced extreme optimism on the Brexit deal front. Copyright 2015 Forexlive.com