Federal Reserve

Last Week's Contained Inflation, Strong Economic Activity Likely Won't Be Tested This Week

Blue Line Futures

April 19, 2021

This week’s economic calendar will not test last week’s supportive footprint until Friday’s Flash PMIs, but we dive headfirst into earnings season and hear from both the Bank of Canada and the ECB ahead of next week’s FOMC meeting.

Gold Is Being Lifted By U.S. Dollar Weakness

Frank Cholly

April 16, 2021

An impressive rally in gold this week takes out key resistance levels and, potentially, a very positive weekly close.

Core CPI Data, Treasury Market, And Fed Speakers Garner Today's Attention

Blue Line Futures

April 13, 2021

Fed Chair Powell has continued to emphasize his rhetoric that an acceleration in inflation through the summer is only expected to be transitory due to expected base data. Still, we didn't want to see the data run away and bring cause for policy to be reactionary.

Benchmarks Point Higher This Morning Ahead Of The Long Weekend

Blue Line Futures

April 1, 2021

U.S. benchmarks were pointing higher this morning ahead of both the bell and a long weekend. Tomorrow brings Nonfarm Payroll, but the NYSE is closed and index futures only trade through 8:15 a.m. CT due to the Good Friday holiday.

A Melting Pot Of Narratives Makes For Another Exciting Week In Markets

Blue Line Futures

March 29, 2021

Constructive hold of support early in Thursday's session set the stage for a friendly Friday. This undeniably brought bullish technical tailwinds due to seller’s exhaustion, shorts covering, and fresh buying hitting the tape. Remember, this is a bull market.

Doubts Surrounding U.S. AstraZeneca Vaccine Trials Weigh On Market Sentiment

Blue Line Futures

March 23, 2021

Late last night, a U.S. health agency questioned the validity of AstraZeneca’s vaccine trials, saying the results included outdated data. To make matters worse, Germany followed through and announced a strict 5-day lockdown over Easter.

Rising 10-Year Yields And Commodity Inflation

Frank Cholly

March 18, 2021

There’s been much debate about whether or not the reflation efforts would create inflation or if we’re just seeing a “normalization” in rates. We’ll see now, at these levels, if Treasuries pause and consolidate or continue to move lower as yields continue to climb.

It's Fed Day: Here's What You Should Know

Blue Line Futures

March 17, 2021

It’s Fed Day: the committee’s policy decision, economic outlook, and interest rate projections are due at 1:00 p.m. CT. Yields of longer duration Treasuries are climbing as many analysts say a dovish Fed is simply not enough anymore.

Today's ECB Policy Meeting Takes Center Stage

Blue Line Futures

March 11, 2021

The ECB said it’d purchase bonds at a faster pace through its PEPP program and that it expects yields to remain at their current levels or lower.

Rates Resume Their Rise After Senate Passes Biden’s $1.9 Trillion Spending Package

Blue Line Futures

March 8, 2021

The House may vote as early as tomorrow and, if everything stays on track, the bill will be signed by President Biden before the coming weekend.