AUD/USD regains positive traction and reverses much of Friday’s decline. Stability in financial markets benefits AUD amid modest USD weakness. Aggressive Fed expectations should act as a tailwind for the USD and limit the pair’s upside. The pair AUD/USD has attracted some buying near the 0.6915 area on Monday and has reversed much of the […]
Tag: Bonds
USD/JPY remains defensive amid dollar weakness, decline looks supported
USD/JPY sees a modest intraday pullback from near two-decade highs. The recent pullback in US bond yields weighs on the dollar and puts some pressure on the pair. The divergence between Fed and Bank of Japan monetary policy should limit losses and warrants caution on the bears. The pair USD/JPY has attracted some sellers near […]
GBP/USD holds above 1.2200, lacks bullish conviction
GBP/USD gains some positive traction on Monday amid the appearance of some selling around the USD. The recent drop in US bond yields and stable risk sentiment weigh on the USD as a safe haven. The fundamental backdrop warrants some caution before opening any bullish positions around the pair. The pair GBP/USD has shown resistance […]
EU: Europe is not at risk of a new sovereign debt crisis – Paschal Donohoe
Paschal Donohoe, head of the group of eurozone finance ministers, said in an interview with the Financial Times (FT) on Monday that the eurozone is not at risk of a sovereign debt crisis like the one seen a decade ago, as the bloc’s economies are in “completely different” shape nowadays. Key comments The current circumstances […]
Bond yields are declining
Bond yields fell today. The intervention of the European Central Bank, which until yesterday had not managed to alleviate the pressures, seems to have borne fruit today. It is indicative that the head of the ECB Christine Lagrand intervened in yesterday’s meeting of the Eurogroup, assuring that the ECB will activate special tools in case […]
EUR/USD nears daily low just below 1.0500 amid USD strength
EUR/USD came under renewed selling pressure on Friday amid resurgence in USD demand. The Fed’s aggressive stance supported the dollar, although a combination of factors capped gains. The ECB rate hike signal could support the euro and limit the pair’s losses. The EUR/USD pair extended the previous day’s rejection from the 1.0600 level, weekly high, […]
USA: The spread of junk bonds exceeded 500 points for the first time since 2020
The spread of US corporate bonds with a junk rating, a significant risk indicator that indicates the risk of rising bankruptcy, exceeded 500 basis points for the first time since November 2020. The size, which measures the extra return required by investors in relation to government securities, increased on Thursday by 31 basis points reaching […]
Gold Price Forecast: XAUUSD Still Depressed Below $1,850, Bulls Attempt to Defend 200 DMA
Gold found fresh supply on Friday and snapped a two-day winning streak. Resurgent demand for dollars and risk appetite turned out to be key bearish factors. The ongoing decline in US bond yields offered some support and helped limit further losses. Gold struggled to capitalize on the strong gains posted in the last two trading […]
Russia says it will repay the next bond coupon in rubles
Russia plans to repay in ruble its next Eurobond coupon, which expires later in June, the TASS news agency reported on Friday, citing Russian Finance Minister Anton Siluanov. Speaking at the St. Petersburg International Economic Forum, Siluanov said investors would be able to convert ruble payments into other currencies. Eurobonds are international debt issues in […]
EUR/USD remains on the defensive amid modest USD strength, decline looks supported
EUR/USD sees fresh selling on Friday and erodes some of the previous day’s gains to a weekly high. The appearance of some buying around the dollar is seen as a key factor putting pressure on the pair. Falling US bond yields and a positive risk tone could cap dollar gains and help limit deeper losses […]
