When asked about the turbulence in the market for US Treasuries, FOMC Chairman Jerome Powell, declined to comment specifically on bond yields, saying they would be concerned “about a persistent tightening of financial conditions in general.” Following these comments, the 10-year US Treasury yield shot higher and was last seen gaining 2.6% on the day […]
Tag: Last minute
Powell Repeats Far Away From Fed Targets, USD Rises Along With Yields
While speaking at the Wall Street Jobs Summit on Thursday, FOMC President Jerome Powell, reiterated that they are still very far from the inflation and employment targets of the Federal Reserve. Market reaction With the initial market reaction, the 10-year US Treasury yield turned positive on the day and the US dollar index rose to […]
Gold melts below $ 1,750, the lowest in 8 months amid high Treasury yields
The oro (XAU / USD) it has been extending its slide as high bond yields make the precious metal, which offers no yield, less attractive. According to the charts, gold is trading at the lowest levels since the end of June 2020, the lowest level in eight months. The RSI on the daily chart is […]
AUD / USD rises above critical 0.8000 level on new three-year highs
AUD / USD rides on the wave of reflation trading. The pair reaches the highest level since February 2018. The rise in the commodity complex benefits the Australian dollar. Buying interest around the pair AUD/USD has not declined, while the bulls rise above the critical hurdle of 0.8000 for the first time since February 2018. […]
Powell Says Economy Far Away From Targets, Dollar Tipping Lower
Jerome Powell, Chairman of the Federal Reserve, has said that the economy is a long way from reaching its inflation and employment targets. His comments prepared prior to congressional testimony also acknowledge that the outlook has improved. The US dollar is retreating from the highs and stock markets are rebounding from lows as an initial […]
Bitcoin collapses below $ 50,000 as Musk effect exacerbates profit-taking
The Bitcoin (BTC/USD) has been falling since Elon Musk tweeted that his value “seems high” during the weekend. After surpassing $ 58,000 and a valuation of more than $ 1 trillion, the granddaddy of cryptocurrencies has collapsed more than $ 10,000. BTC / USD has fallen below the 50-period simple moving average on the 4-hour […]
XAU / USD jumps to more than a week highs, above $ 1,850 after the US CPI.
Gold gained traction for the fourth straight session on Wednesday amid a weaker USD. The USD lost additional ground following the release of softer-than-anticipated CPI figures. A combination of factors could contain any wild rally for the safe-haven metal. The oro it maintained its modest intraday gains during the early North American session and updated […]
Ethereum price hits new all-time high of $ 1,800 as bulls aim for higher highs
The Ethereum has achieved another milestone by reaching a new all-time high above $ 1,800. The cryptocurrency has been moving higher since the beginning of the year. While the move towards the current all-time highs is significant, investors expect to hit highs above $ 2,000 and toward $ 3,000. In the meantime, setting a higher […]
Tesla invests $ 1.5 billion in Bitcoin and hopes to accept it as a form of payment soon
Tesla has stated that it hopes to accept Bitcoin as a form of payment in the near future. Tesla has invested a total of $ 1.5 billion in Bitcoin, according to its annual report. According to the official Form 10-K annual report of the United States Securities and Exchange Commission, Tesla has invested a total […]
Risks to the economic outlook have become more bilateral
Following the Bank of England (BoE) decision leaving the policy rate and the Asset Purchase Facility unchanged at 0.1% and £ 895bn, respectively, BoE Governor Andrew Bailey is providing his comments on the policy outlook. Key statements “The risks to the economic outlook have become more bilateral.” “It is not easy to come up with […]
