There’s a bit of data about ahead of today’s session. We’ll be seeing more from Janet Yellen, but I won’t expect anything new. We have PPI out and later regular Oil Inventories. Oil supply has been expanding recently and Middle East tensions have faded. As a results Crude has dropped below $100 p/barrel. Managed money… Read More »
Janet Yellen continued her dovish stance today in what we have come to expect. In summary, the economy needs to prove itself before the FED will take action. From bond POV there wasn’t much of a change. We’re still above the 2.5% mark. Some Euro headlines sparked a bid tone in the ZN before it… Read More »
The main focus on todays economic calender will likely be retail sales and more importantly Janet Yellen’s testimony to the US Senate Committee. More directly for commodities we also have API Crude Stocks. Crude has been making lows recently as Middle East tensions have continued to fade and that should drive more attention toward inventories.