Weekend News 07Sep
As noted in
last week's analysis, focus on potential for continued price discovery higher
toward the Major Structural Resistance Cluster, 97s-98.50s, did not unfold as
selling interest emerged at Key Structural Resistance, 96s, following the Labor
Day holiday. Price discovery lower resulted as long liquidation occurred below
Key Support, 94.50s, toward the Avg Weekly Range Low at/near
Major Structural Support. Focus on response within key demand area,
92.50s-92.80s, into next week's auction.
Graphics
- The Fed's Shadow Rate. (WSJ)
- Wage Inflation, Or Lack Thereof. (FuW)
Central Banks
- Why The Euro Might Not Depreciate Further By Much. (WSJ)
- Significant Labor Slack Remains, Monetary Policy Must Be Patient In Removing Stimulus, Sayeth Fed's Rosengren. (WSJ)
Geopolitics
- Will The Volker Rule Be Effective? (Vox)
Supply/Demand & Markets
- EIA: -900k v -900k exp. (EIA)
- BP, Halliburton, Transocean Found Negligent In Deepwater Horizon Spill. (Oil Price)
