Adam Smith Associates 30 Year Bond


Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article are purely of the author - Mr Rohit Srivastava - a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd


The 30 year bond price has been in a trading range for 2 months that looks like a triangle. 149.80 is the lower end of the range where wave e of B should complete. Following its completion we should expect wave C up to unfold. Rising bond prices have evaded me for a while but we now have multiple bottoms at this level that I believe should eventually lead to higher prices [lower yields]. This might have nothing to do with the FED hike expectations I think but lets see. A 25 basis hike might be priced in at these yields. Bonds might just get the safe haven bid in wave C up.


Popular posts from this blog

Dow Long Term Outlook

Image
Elliott Wave analysts get blamed for having marked the Y2K top as the end of the 5th wave which was probably just the 4th. This is an occupational hazard. The time frame involved means that if you are wrong then its years worth in price. Still that does not diminish the importance of knowing where you are in the Fractal. Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article are purely of the author - Mr Rohit Srivastava - a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd
Read more

Trade Finance News and Trends

Trade finance modernization turns towards blockchain A study of European treasurers by working capital fintech C2FO finds that 75% are focusing on investing in trade finance technology in 2017. Colin Sharp, senior vice-president, EMEA at C2FO, says the shifting macroeconomic environment is pressuring corporates to refocus their efforts on trade finance: “Treasurers are facing a lot of uncertainty, both from the US and around Brexit. This is putting stress on the supply chain, with demand increasing and decreasing. Treasures want the ability to use their assets to make returns and give some certainty. Source: https://www.euromoney.com/article/b12khnzp4pq9p5/trade-finance-modernization-turns-towards-blockchain --------------------------------------------- ICC Academy unveils new e-course on digital trade finance and fintechs The educational arm of the International Chamber of Commerce (ICC), the ICC Academy, has launched an advanced-level e-course entitled “Digital Trade Financ...
Read more

Adam Smith Associates - Soy Meal should move from 310 to 420

Image
Soy Meal Continuous has been consolidating for 3 months in a narrow range after the initial move up. The next move higher may now have started. Yesterdays move broke out of the trend line of the highs and closed above it. Soy prices should move from 310 to 420 near the previous high in the 3rd wave on the CBT exchange. Staying above the 315 and 325 short term supports should be bullish for Soy. Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article is purely of the author - Mr Rohit Srivastava - a leading technical analyst.
Read more