US Treasuries Up, US Dollar Up

Posted by: : Paul EbelingPosted on: January 23, 2015 US Treasuries Up, US Dollar Up
US Treasuries Up, US Dollar Up
10-Yr: +15/32..1.818%.. USD/JPY: 117.85.. EUR/USD:1.1260

Afternoon Update

US Treasury Complex

2Y +01/32 at 100 07/32

3Y +02/32 at 100 00/32

5Y +07/32 at 101 12/32

7Y +10/32 at 103 08/32

10Y +15/32 at 103 26/32

30Y +1 05/32 at 112 27/32


US Dollar Index

EUR/USD -105 pips at 1.1260

GBP/USD +10 pips at 1.5020

USD/JPY -65 pips at 117.85

USD/CHF +70 pips at .8770

AUD/USD -105 pips at .7920

USD/CAD +20 pips at 1.2400



The US Dollar (.DXY)  Index flirts with its first close above 95.00 since September 2003.

  • EUR/USD is -145 pips at 1.1220  sellers remain in control following Thursday’s announcement QE will begin in Europe. Euro pressed to an 11-yr low off 1.1115 early in US trade before paring its losses. Greece’s parliamentary elections are Sunday, providing some headline risk into the weekend as the anti-euro Syriza party is expected to make large gains. Data scheduled for Monday is limited to German Ifo Business Climate.
  • GBP/USD is flat at 1.5010 action contends with its lowest close since July 2013. Cable pressed below the psychologically important 1.5000 mark despite the strong retail sales data, but has managed to reclaim the mark as selling faded. Britain’s BBA Mortgage Approvals will be released Monday.
  • USD/CHF is +75 pips at .8780 as trade fights for its best close since the Swiss National Bank surprise removal of its EUR/CHF1.20 flr. The past wk saw action book ended by .8400/.8800.
  • USD/JPY is -75 pips at 117.75 trade holds near its worst levels of the day. The pair tested resistance helped by the 50-Day MA at 118.75 in each of the past 4 sessions, but is unable to breakout. The 117.00 area in focus as a break puts Key support at 116.00 next. The trade balance and latest Bank of Japan (BOJ) minutes are set for release Sunday evening.

US Treasuries

US Treasuries are off their best marks of the session, holding gains.

  • A choppy US trade has kept yields in a tight 4bpt range following the initial overnight bid.
  • Friday morning’s gains have the 30Y -7.6bpts at 2.393% seeing its lowest close on record.

Have a terrific weekend.


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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