Gold manages to gain some positive traction on Friday and recovers the losses of the previous day. The pullback in US bond yields keeps USD bulls on the defensive and offers some support for dollar-denominated gold prices. The bearish technical setup warrants caution before positioning for any significant bullish movement. The oro has moved higher […]
Tag: Bonds
GBP / USD rises towards 1.3950 but lacks continuation
GBP / USD manages to regain some positive traction on the last trading day of the week. The pullback in US bond yields keeps USD bulls on the defensive and offers some support for the pair. Concerns about a COVID-19 vaccine shortage in the UK could limit the pair’s gains. The USD has seen some […]
AUD / USD retreats from monthly highs amid modest USD rebound, still above 0.7800
AUD / USD struggles to hold its intraday gains to new monthly highs. Rising US bond yields support the USD and trigger some selling around the pair. Sustained weakness below 0.7800 is needed to impress the bears. The AUD / USD has fallen around 50 pips at the start of the European session Thursday, falling […]
XAU / USD Falls to $ 1,735-30 Region As US Bond Yields Hit New Cyclical Highs
Gold is unable to retain its initial gains and fails before strong horizontal resistance at $ 1,760. High yields on US bonds caused a short hedge around the dollar and put some pressure on the precious metal. A pullback in the stock markets helps limit any further losses in safe-haven gold. The oro has seen […]
XAU / USD dips below $ 1,730 amid rally in US bond yields
A sudden spike in US bond yields triggered new gold sales in the last hour. The prevailing cautious mood could help limit deeper losses for the safe haven product. Investors can also refrain from aggressive bets prior to the FOMC’s policy decision. The oro witnessed some selling during the session updated the European and updated […]
AUD / USD falls to daily lows around 0.7710 amid a rebound in USD demand
A combination of factors triggers new selling around AUD / USD on Tuesday. Vaccine fears hurt investor sentiment and weigh on AUD’s perceived higher risk. A sudden spike in US bond yields benefits the USD and adds to the pair’s selling bias. The pair AUD/USD has broken its intraday consolidation range and has fallen to […]
Bailey says he will continue with bond buying in 2021
The Bank of England (BoE) will continue with its bond purchases this yearReuters reports, citing comments from central bank governor Andrew Bailey. Additional comments: See a 12% drop in first quarter GDP from United Kingdom compared to 2019. 4% less than in 2020. UK inflation will remain below the 2% level. But initially it will […]
XAU / USD near daily highs just above the $ 1,730 level
Gold moves higher on Monday amid a modest pullback in US Treasury yields. Risk appetite sentiment and a rally in the USD limit any significant gains for the yellow metal. The oro it moves with a slight positive bias during the first half of the European session on Monday, staying close to the $ 1,730 […]
GBP / USD falls near 1.3900 level amid notable USD demand
GBP / USD is witnessing a trend reversal from the 1.4000 level amid resurgent demand for the USD. The rally in US bond yields benefits the USD and puts some pressure on the pair. Weaker UK macro data weighs on the British pound and contributes to the selling bias. The pair GBP/USD has fallen to […]
$ 24 billion in 30-year bonds sold at a high yield of 2,295%
In the last auction, EE.UU. It sold $ 39 billion in 29-year, 11-month notes with a high yield of 2,295% and granted 37.36% of the offers at the maximum. Primary distributors took 19.21% of the promissory notes, direct and indirect sales were 20.24% and 60.55%, respectively. Market reaction With the initial market reaction, the yield […]
