November 3rd, 2021 Filed under Future Trading News, futures trading education | Comment (0)
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FOMC came out and stocks reacted with another leg up – what’s next?
FEDERAL RESERVE BEGAN
TAPPERING ITS $120 BILLION A MONTH PROGRAM.
$10 BILLION A MONTH OF
$5 BILLION A MONTH OF
MORTGAGE BACKED SECURITIES
$80 BILLION OF TREASURIES
$40 BILLION OF MORTGAGE BACKED
$1.44 TRILLION FOR THE YEAR
Gold sold off before hand and only bounced slightly.
Bonds sold off slightly.
Crude sold off the most but in my opinion it was API/ OPEC related and not FOMC related.
Many times, the real reaction to FOMC comes out the next day so price action, asset allocation across the different markets is important to watch.
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May 10th, 2016 Filed under Future Trading News | Comment (0)
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Thirty Year Bonds Looking for a Correction Towards the 156-158 Area
Ilan Levy-Mayer | Friday, 06 May 2016 12:16 (EST)
I am looking for US Treasury bonds, also known as the 30 year bonds to correct down to 156-158 area. I am thinking that tomorrow’s monthly unemployment report may trigger this correction, or it may take a little longer or maybe not happen at all – BUT my chart seems to think there is a good possibility of a correction.
Notice the weekly chart below and the correction we had last year between February and July. I think the market right now is a on a possible break lower and a similar correction in price towards the support levels of 156-158 area.
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