Intermarket Correlations: Treasuries Up Dollar Down

The Trading Room® LIVE TRADING ROOM ACCESS PERFORMANCE

Join us in our live futures trading room, from 7:30 to 10:30 am ET.
Access is simple, here is how to get started with a two week free trial…
Click on the following link and register as a guest.

WORLD HEADLINES – The US dollar gave up some of its recent gains on Thursday, declining as traders confronted a range of catalysts from political risks to missiles in the Middle East.

STOCKS – The Stoxx Europe 600 Index drifted lower on what is a public holiday in various parts of the region — markets are closed in countries including Switzerland, Sweden, and Austria.

BONDS – Ten-year Treasury yields, which have been driving up the greenback and exacting pain on emerging markets, dipped back below 3 percent to push the dollar toward its first drop in five days.

COMMODITIES – Oil extended its climb in New York.

CURRENCIES – The New Zealand dollar slid after the central bank left the door open to an interest rate cut as inflation remains contained.

ECONOMIC DATA – BOE Inflation Report due at 7:00, US CPI m/m at 8:30, Natural Gas Storage at 10:30 ET.

COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.