Forex Consulting

10 year yield back above 2.40%

High yield in October extended to 2.47% The 10 year yield has moved up to 2.40%.  Recall, that was a key level in October. The move above took out swing highs from July and early October.  The peak last month moved to 2.47% before the rotation back lower. Copyright 2015 Forexlive.com

Forex Consulting

Crude oil futures settle at $56.76 per barrel

Little changed from Friday’s closing level. – The low extended to $56.30 – The high reached $57.15 – OPEC and non OPEC oil producers are moving toward deciding whether to extend production cuts further further into 2018 (perhaps to the end of 2018), when they meet on November 30th in Vienna. They have already agreed…

Forex Consulting

Australian labour market data due this week – preview

Thursday this week (16 Nov) brings the October labour market report, a day after the Q3 wages data () preview here NAB preview: Employment on Thursday, the underlying story remains of positive forward indicators that suggest the recent run of strong employment growth should continue. Trend employment growth of 24k a month will continue to…