GBP/USD witnessed continued selling for the second day in a row on Tuesday. The decline in US bond yields caused a modest pullback in the dollar and helped limit further losses. Traders now await Wednesday’s release of UK monthly GDP and US CPI. The pair GBP/USD added to the previous day’s heavy losses and witnessed […]
Tag: Bonds
USD/JPY extends corrective pullback from 24-year high and approaches 136.50 area
A combination of factors triggered some profit taking around USD/JPY on Tuesday. Intervention speculations coupled with the risk-off mood provided support for the yen. The decline in US bond yields acted as a headwind against the dollar and put pressure on it. Policy divergence between the Fed and the Bank of Japan capped losses ahead […]
JP Morgan: Summer storm in the bond market – underweight in the periphery, what does he see for Greece
By Eleftherias Kourtalis The global economy is at a critical juncture and there is a risk of a recession in the second half of 2022 due to inflationary headwinds and tightening economic conditions, with a 40% chance, JP Morgan notes in its new report on bond market outlook. Should strong fundamentals and strong balance sheets […]
USD/JPY is near 136.50, above 1-week highs; no tracking
USD/JPY soared to a one-week high in reaction to the bullish June NFP report. The widening rate spread between the US and Japan weighed on the yen and remained supportive. The fundamental backdrop supports the prospects for a move towards 137.00. The pair USD/JPY regained ground lost earlier, down to the 135.30 zone, and turned […]
Berlin: ECB bond bailout only in return for reforms
Help from the European Central Bank (ECB) for rising bond yields in some eurozone countries should come with conditions, said an adviser to German Finance Minister Christian Lindner. In particular, in comments published today in the magazine Der Spiegel, Lindner’s economic adviser, Lars Feld, urged the ECB to impose conditions on any aid in order […]
A new shipping bond is coming to A.A.
By Haris Fludopoulos In recent months, the Athens Stock Exchange has entered a difficult downward cycle and is going through strong turbulences. In order for A.A. to get out of this condition, the General Index should immediately rise above 800-810 units, but also be driven with increased turnover towards the zone of 850 units. However, […]
A new shipping bond is coming to the Athens Stock Exchange
By Haris Fludopoulos In recent months, the Athens Stock Exchange has entered a difficult downward cycle and is going through strong turbulences. In order for A.A. to get out of this condition, the General Index should immediately rise above 800-810 units, but also be driven with increased turnover towards the zone of 850 units. However, […]
Bond managers are as confused as anyone these days
By Robert Burgess In times of economic uncertainty, it used to pay to check the bond market and see what messages it was sending. Is the economy headed for recession? See if bond yields fall. Is inflation going to rise? See if the returns increase. Bonds were the crystal ball of economics. Now, they may […]
USD/JPY remains bearish but remains above 135.00
The USD/JPY pair was lower on Wednesday, although there was no follow-up selling. The dollar hit a new 20-year high and extended some support to the pair. The risk-positive tone undermined the safe-haven JPY and also helped limit losses. Traders look forward to the FOMC Meeting Minutes before making any directional bets. The pair USD/JPY […]
USD/JPY bounces off 135.00 level, decline remains supported ahead of FOMC minutes
USD/JPY declines on Wednesday, although the decline is not continuing. The divergence between the monetary policies of the Fed and the Bank of Japan weighs on the yen and acts as a tailwind for the pair. Investors also seem reluctant and await the FOMC meeting minutes for a further boost. The pair USD/JPY has extended […]
