Today, almost all bond markets in the euro zone were negatively affected by the large decline of the euro. The European currency fell against the dollar during the day to its lowest level since late 2002 as investors see a recession risk. In addition, the general picture of the European economy creates significant uncertainty regarding […]
Tag: Bonds
USD/JPY Gives Back Major Part of Intraday Gains After Change in Risk Sentiment
USD/JPY gains traction for the second day in a row, although the intraday rally runs out of steam near 136.35. The change in risk sentiment benefits the JPY as a safe haven and caps the pair’s upside. The divergence between the monetary policies of the Fed and the BoJ should limit the decline ahead of […]
NZD/USD recovers from its two-year low and is back around 0.6250
NZD/USD gained strong positive traction on Monday and rallied further from a two-year low. The recent fall in US bond yields and the stability of the stock markets undermined the safe haven of the dollar. The Fed’s aggressive rate hike bets and recession fears should limit the USD’s decline and cap the pair’s gains. The […]
The 3 solutions on the ECB’s table for the bonds of the South
By Leonidas Stergiou The technical services of the ECB are proceeding with a “stress test” of the scenarios for the new intervention tool in the bond markets, while at the political level a solution is being sought for the terms and wording. The tug-of-war between technical efficiency and political balances seems to result in three […]
GBP/USD clings to modest recovery above 1.2100, upside seems limited
GBP/USD gains positive traction on Monday and pulls away from a multi-week low. The recent drop in US bond yields keeps dollar bulls on the defensive and offers support for the pair. Expectations for an aggressive rate hike from the Fed and fears of a recession limit the pair’s gains. The pair GBP/USD moves higher […]
‘Drama’ for markets in the first half – 13 trillion. dollars were distributed in the stock markets
“Blood” flowed into equity, bond and cryptocurrency markets in the first half of the year, while commodity markets soared. The war in Ukraine brought the “perfect storm” as the “fire” of inflation and interest rate hikes by central banks caused drama in the markets. Investor sentiment remains under pressure, with the war in Ukraine showing […]
The week ends with a rise in the bond market
Eurozone bonds seem to be reacting positively to the ECB’s new flexible bond reinvestment system, which comes into effect today. The yields of the bonds of the European South, but also of the German ones, moved downwards even though the mood in the markets was negative today. In HDAT, transactions of 82 million euros were […]
What does Athens want from the ECB’s ‘shield’ mechanism?
By Tasos Dasopoulos Athens is eagerly awaiting the completion of planning and the implementation of the ECB’s new “cutter” for the spreads of over-indebted Eurozone countries, in view of the first increase in interest rates within the month, as Greek bonds are the only European bonds that do not they are investment grade. The Ministry […]
USD/CAD pulls back from weekly highs, returns around 1.2900 after US/Canada data
USD/CAD trimmed some of its intraday gains amid a modest dollar pullback following US PCE inflation data. The current decline in crude oil prices undermined the loonie and continued to provide some support. The monthly report on Canadian GDP did not serve to boost the currency. The pair USD/CAD It quickly pulled back a few […]
USD/JPY bounces off daily low, shows some resistance below 136.00 level
USD/JPY sees some selling on Thursday and pulls back from 24-year highs. Recession fears and risk aversion sentiment are benefiting the safe haven yen and putting some pressure on the pair. Falling US bond yields are keeping dollar bulls on the defensive and contributing to the pair’s selling bias. The divergence between the monetary policies […]
