USD/JPY captures fresh buying on Tuesday and climbs back near multi-year high. The widening of the government bond yield spread between the US and Japan acts as a tailwind for the pair. The overbought conditions prevent the bulls from leaving new positions ahead of the US CPI report. The pair USD/JPY trades with a slight […]
Tag: Bonds
EUR/USD could fall to the 1.0800/1.0820 region – ING
The EUR/USD weakens below 1.09. ING economists believe that the most popular currency pair in the world could extend its decline towards the 1.0820/00 area if US 10y Treasury yields rise after US CPI data. The focus is on the new sanctions “Barring a surprisingly aggressive ECB meeting on Thursday, EUR/USD should stay weak. Indeed, […]
GBP/JPY rises towards 163.50, points to March highs
A sharp rise in UK (and world) yields hit the yen hard on Monday, with the GBP/JPY pair subsequently rising 1.0%. The pair has risen to 163.50 despite risk aversion flows being seen in other asset classes (stocks). This is because the higher yield environment plus more dovish comments from the BoJ prevented the yen […]
Bonds: The spread of Greek 10-year bonds was limited
At the meeting of the Governing Council of the ECB on Thursday, the focus of this week is on the market, which is starting to move at a “lower pace” in view of the Catholic Easter. The result of the first round of the presidential elections in France offered a relief, however, the pressures on […]
Bulls retain control near multi-year high just above 125.50
USD/JPY caught aggressive bids on Monday and rose to a new multi-year high. Momentum confirmed a bullish breakout through an uptrend channel. Overbought oscillators require caution before positioning for any further bullish moves. The pair USD/JPY rose more than 175 pips from around 124.00 on Monday and jumped to the highest level since June 2015 […]
USD/CAD maintains daily gains near 1.2600
A combination of supportive factors help USD/CAD regain positive traction on Monday. Crude prices remain depressed near multi-week lows, weighing on the CAD. The Fed’s dovish outlook and rising US bond yields benefit the USD and offer support to the pair. The pair USD/CAD moves higher during the European session on Monday, trading near the […]
S&P puts Russia in ‘selective bankruptcy’
Credit rating agency S&P Global has put Russia on “selective bankruptcy” for its external debt, as the country offered rubles to pay two dollar-denominated bonds that expired on April 4. The house said in a statement that payment in rubles instead of dollars was tantamount to “selective default”, as reported by CNN. What is selective […]
S&P: At the stage of “selective bankruptcy” the debt of government bonds in foreign currency of Russia
Standard & Poor’s downgraded Russia’s foreign currency bonds to “selective default” (SD) today, citing growing risk that Moscow may or may not be able to continue to meet its obligations. to foreign bondholders. Russia may face its first foreign debt arrears in a century this year as it settles to pay interest on its securities […]
Weakness below 0.7450 paves the way for further decline
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AUD/USD extended its recent pullback from yearly highs and fell to a near three-week low. The acceptance below 0.7500 and the subsequent drop has changed the bias in favor of bearish traders. Attempted recovery moves could attract fresh selling and remain capped near the 0.7535-40 area. The AUD/USD pair extended this week’s sharp retracement decline […]
USD/CHF rises to two-week highs, above 0.9350
A combination of factors lifted USD/CHF to a near two-week high on Friday. The Fed’s dovish outlook and elevated US bond yields continued to boost the USD. A positive risk tone undermined the safe haven CHF and continued to act as support. The pair USD/CHF It held its offered tone earlier in the American session […]