On Thursday, investors will monitor global bond markets closely as yields continue to rise. Late in the Asian session, Australia will release its trade data for August. On Friday, the US will publish its weekly jobless claims report. On Thursday, October 5, here’s what you need to know: Before staging a recovery, bond yields in […]
Forex Roundup: Dollar Rules Despite the Slides Read More »
During the American session on Monday, the US Dollar (USD) benefited from a surge in US Treasury bond yields following a quiet start to the new week. Early Tuesday, the US Dollar Index hit its highest level since November, above 107.00, entering a consolidation phase. The US economic docket will include August JOLTS Job Openings
Currency Round Up: US Dollar (USD) Soaring amid Rising Bond Yields and Risk Aversion Read More »
In today’s Asian and European sessions, the economic calendar is light again. After several months of decline, the S&P/CS Composite-20 HPI YoY house price index for the US session is expected to turn positive and gain 0.2%. Sales of new homes were above expectations last month but are expected to fall below 700k this month.
September 26 Forex Brief: Consumer Confidence and Home Sales Read More »
Due to the Labor Day holiday in the United States, trading volumes were low on Monday. In the coming week, trading activity is expected to pick up, and overall activity will also increase after the holiday season ends in the US and Europe. The movements of global funds will have a significant impact on asset
Dollar-Positive Sterling and Euro Moves Against Stagflation Fears Read More »
In today’s policy meeting, the Reserve Bank of Australia kept the Cash Rate at 4.10 per cent. Governor Lowe stated that higher rates are helping to lower inflation, which has passed its peak but remains too high. In response, the Australian Dollar fell against most other currencies after Lowe warned that further tightening is possible.
Forex Signals Brief: Central Banks Are Back with RBA Meeting Today Read More »
Investors assessed that rate setter Isabel Schnabel’s less hawkish stance contributed to a fall in eurozone government bond yields after inflation data failed to settle the debate over the European Central Bank’s September rate decision. Bond prices, which move in inverse correlation with yields, are expected to remain in a narrow range ahead of U.S.
Euro Zone Yields Set to Fall Week, Focus On US Data Read More »
Following Wednesday’s volatile action, major currency pairs remained relatively quiet early Thursday. Following the release of the Monetary Policy Meeting Accounts by the European Central Bank (ECB), market participants will watch the Eurozone inflation figures closely. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditure Price Index (PCE), will be featured on the
EU/US Inflation Data Remain the Driving Force Read More »
Bond investors who have repeatedly lost money buying 20-year Treasuries since the U.S. government started reissuing them in 2020 are confident this time will be different. Asset management firm PGIM Fixed Income is one of several fund managers looking to make windfall gains by buying 20-year bonds that yield about 15 basis points more than
Investors Bet on 20-Year Treasuries to Rebound Read More »
Elon Musk, the owner of X (formerly known as Twitter), is not a fan of the Federal Reserve. He often criticizes the central bank for raising interest rates. He even tweeted that they could be “the most devastating in history” last December. But the Fed does not mind Musk’s negative comments. In fact, they rather
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The US dollar gained ground on Tuesday as traders weighed the contrasting economic outlooks for the world’s two largest economies. China’s trade data for July showed a sharp decline in both imports and exports, indicating a weak recovery from the pandemic. Meanwhile, the US economy appeared to be more resilient, despite the Fed’s aggressive rate
Dollar Strengthens as China’s Trade Data Disappoints Read More »
