Over-indebted Italy is once again in the focus of speculators’ attention, according to Handelsblatt. Uncertainty ahead of new elections on September 25 and the economic fallout from the energy crisis, which has particularly hit Italy, which is heavily dependent on natural gas, have brought hedge funds to the fore. They bet against Italy. Data from […]
Tag: Bonds
The euro and bond yields are on the rise
Eurozone bond yields are showing a rise today as the European Central Bank table seems to be discussing a larger increase in interest rates, by 0.75%, at the Governing Council meeting on September 8. The mood worsened further after the speech by the head of the US Federal Bank (Fed) Jerome Powell at Jackson Hall. […]
Bond market pressures from deteriorating inflation outlook
Eurozone bonds are under pressure today as the publication of the minutes of the last meeting of the ECB Board of Directors showed the great concern of the central banks about the course of inflation. In this climate, the chances of higher interest rate increases increase. “Inflationary pressures were judged to have intensified,” the minutes […]
Gold Forecast: XAU/USD declines as USD nears two-decade highs again
Gold meets fresh supply on Wednesday and trims a portion of overnight gains. Resurgent demand for dollars and rising US bond yields are putting some downward pressure on the metal. Recession fears could help limit XAU/USD losses ahead of Fed Powell’s meeting on Friday. Gold veers south after an early rally to the $1,754 area […]
USD/JPY retests 137.00 amid modest USD strength
USD/JPY is back above 137.00 during the early North American session. The renewal of dollar purchases and the further rise in US bond yields remain supportive of the upside move. Recession fears could offer support to the safe-haven yen and sustain gains. The USD/JPY pair attracts some buying on the dips near the 136.20-136.15 area […]
USD/CAD updates its daily high and breaks above 1.3000 after the US data.
USD/CAD regains positive traction on Wednesday and reverses some of the overnight decline. Increased bets on an aggressive Fed rate hike help revive dollar demand and extend support. Mostly bullish US Durable Goods Orders continue to support intraday USD strength. A rebound in oil prices could prop up the loonie and keep any significant upside […]
USD/CHF flirts with daily low, bears await break below 0.9600
USD/CHF meets fresh supply on Wednesday and falls to the 0.9600 zone. Recession fears offer some support to the safe haven CHF and put pressure on the pair. Softer US bond yields act as a dollar headwind and contribute to modest weakness. Aggressive expectations from the Fed should limit any significant decline in the USD […]
AUD/USD remains on the defensive around the 0.6920 zone
AUD/USD attracts some buying on Wednesday, but lacks bullish conviction. The pullback in US bond yields appears to cap the dollar and offer some support for the pair. Recession fears and Fed expectations favor dollar bulls and limit the pair’s gains. The pair AUD/USD it reverses an intraday drop to levels below 0.6900 and is […]
ODDIX: The Greek government raised 812.5 million euros with a yield of 1.05% from 0.80%
The amount of 812.5 million euros was raised today by the Greek government, in the auction of interest-bearing promissory notes lasting 26 weeks. The yield stood at 1.05%. A total of 1,098 million Euros were submitted, which exceeded the requested amount by 1.76 times. The auction was conducted through Primary Dealers, and the settlement date […]
Why the S&P 500 rally may not last, three reasons to remain cautious – Morgan Stanley
The recovery of the past two months has seen the S&P 500 index rise about 15% from its June low. However, as attractive as this recovery has been, the Global Investment Committee of Morgan Stanley Remains Convinced It’s Nothing More Than a Bear Market Recovery. It’s not unusual for stocks to rally during a bear […]