Tuesday, November 27, 2018
Daily Writing
8:58 AM
Gold remains rangebound hovering around the $1200 spot price. The price of gold has not moved outside of $1200 to $1235 per ounce since the middle of August.
Oil has started to hold ground at $51.00/barrel. We found an informative clip assessing the current oil pricing situation. In the current environment, which countries have the most impact on the price of oil? Which events or types of events have the most significant impact on the global price of oil?
German bunds move higher, as the yield on the 10-year bund continues to move lower. How are German and other European equities performing? What determines the price of German government bonds? How much impact does the European Central Bank (ECB) policy have on the domestic monetary policy of sovereign European states?
What sorts of things keep the E.U. up at night? We know for sure that climate change is one of those things. We know the idea of adopting a common military is also one of those things.
The yield of the 10-year United States Treasury is hovering around the 3.05% mark. We currently hold a significant position in PST, a 2X leveraged bond ETF. What are the bull and bear cases for bonds?
Market Data
Resource Commodities
November 27, 2018 |
November 26, 2018 |
November 20, 2018 |
November 19, 2018 |
November 16, 2018 |
|
Gold Spot |
1221.60 |
1222.80 |
1224.55 |
1222.70 |
1214.50 |
Silver |
14.190 |
14.250 |
14.405 |
14.340 |
14.270 |
Gold/Silver |
85.81 |
85.86 |
NA |
NA |
NA |
Platinum |
842.00 |
841.00 |
847.00 |
841.00 |
840.00 |
Copper |
2.73 |
2.72 |
2.80 |
2.80 |
2.75 |
Crude(WTI) |
51.58 |
51.91 |
56.23 |
55.66 |
57.82 |
Global Government Bond Yields
November 27, 2018 |
November 26, 2018 |
November 19, 2018 |
November 16, 2018 |
November 15, 2018 |
|
US 10 year |
3.07% |
3.07% |
3.04% |
3.08% |
3.09% |
US 30 Year |
3.32% |
3.38% |
3.29% |
NA |
NA |
UK |
1.39% |
1.41% |
1.39% |
1.42% |
NA |
Germany |
0.35% |
0.36% |
0.35% |
0.36% |
0.36% |
Brazil |
10.10% |
9.97% |
10.10% |
10.15% |
10.39% |
Italy |
3.25% |
3.25% |
3.60% |
3.49% |
3.51% |
Japan |
0.08% |
0.08% |
0.09% |
0.09% |
0.10% |
Major U.S. Indexes
November 27, 2018 |
November 26, 2018 |
November 20, 2018 |
November 19, 2018 |
November 16, 2018 |
|
VIX |
19.41 |
20.78 |
20.76 |
18.78 |
20.04 |
DOW |
246.40 |
243.64 |
250.17 |
254.13 |
252.42 |
S&P 500 |
265.76 |
265.80 |
269.10 |
273.73 |
271.74 |
NASDAQ |
7081.85 |
7051.86 |
NA |
7247.87 |
7247.87 |
Currency Cross Rates
November 27, 2018 |
November 26, 2018 |
November 20, 2018 |
November 19, 2018 |
November 16, 2018 |
|
USD/JPY |
113.6300 |
113.5700 |
NA |
112.8600 |
112.8300 |
EUR/USD |
1.1326 |
1.1340 |
NA |
1.1427 |
1.1415 |
AUD/USD |
0.7242 |
0.7233 |
NA |
0.7289 |
0.7332 |
USD/MXN |
20.623 |
20.399 |
NA |
NA |
NA |
CHF/USD |
1.00187 |
1.0012 |
NA |
1.0033 |
0.9996 |
USD/CNY |
6.9486 |
6.9396 |
NA |
6.9427 |
6.936 |
USD Index |
97.15 |
96.98 |
NA |
96.39 |
96.43 |
