EUR/USD remains on the defensive as DXY tracks rising yields. ECB Minutes showed a divided outlook on inflation, risk tone remains bullish. Yields and the dollar make their way as US economic data fails to impress. The EUR/USD remains below 1.1350 as the US dollar tries to bounce along with Treasury yields amid a state […]
Tag: Yield Curve
AUD/USD remains trapped in a range below 0.7200 level, focus shifts to Australian jobs report
AUD/USD remains range bound just below 0.7200 amid tepid sentiment. US Treasury yields resume upward trend, although failing to boost USD. The focus shifts to Australian employment data due to be released on Thursday. The pair AUD/USD moves laterally within a familiar range just below the 0.7200 level, lacking a clear directional bias, as investors […]
Forex Today – Asian Session: Dollar Rises Again Along With High Treasury Yields
What you should know on Wednesday, January 19: The US dollar is the overall winner, against all of its major rivals. US Treasury yields soared to levels last seen in February 2022, with the 10-year yield hitting 1,856% and the 2-year yield topping 1%. Stocks fell, with global indices ending the day in the red. […]
Forex Today – Asian Session: USD Sellers On Pause, But Maintaining Control
What you need to know on Friday, January 14: The market stabilized, with the dollar consolidating losses on Thursday. Risk appetite waned, preventing the dollar from falling further. Intraday gains in the greenback helped correct oversold conditions reached after Wednesday’s selloff. The aggressive attitude of the Federal Reserve was appreciated well before the release of […]
Forex Today – Asian Session: US Inflation Takes Center Stage This Week
What you should know on Tuesday, January 11: The dollar oscillated between gains and losses, unable to find a clear direction and led by US Treasury yields once again. Market participants await news on inflation from the US, as the country will publish the final reading of the Consumer Price Index for December next Wednesday, […]
Forex Today – Asian Session: Non-Farm Payrolls Could Mean An Even More Aggressive Fed
What you need to know on Friday, January 7: The dollar retained most of its post-Minute gains from the FOMC, even though US data is generally disappointing. Stocks remained bitter, while US government bond yields held near the multi-month highs reached on Wednesday. EUR / USD closed around 1.1290, at the lower end of its […]
XAU / USD falls to test critical support at 100 DMA amid firmer returns
The price of gold continues to decline as the DXY rises with yields amid an aggressive Fed. Focus shifts to US ISM Services PMI and Friday’s NFP. A break below the 100 DMA will drive gold towards the $ 1,785 levels. The price of gold is losing another $ 20 in trading Thursday, due to […]
Forex Today – Asian Session: US Federal Reserve Ready to Tighten Further
What you need to know on Thursday, January 6: The dollar was down for most of Wednesday, but received an unexpected boost from the minutes of the US Federal Reserve meeting. US policymakers noted that “in light of elevated inflationary pressures and the strengthening of the labor market, participants felt that the increase in policy […]
Forex Today – Asian Session: Currencies Trying To Find Their Way
What you need to know on Wednesday, January 5: The dollar continued to advance on Tuesday, posting the most notable advance against the yen. USD / JPY jumped to 116.34, its highest level since January 2017, as the dollar rose along with US government bond yields Demand for the US currency fell back with the […]
Forex Today – Asian Session: Dollar Rises Along With Government Bond Yields
What you need to know on Tuesday, January 4: The dollar is the best performer on Monday, appreciating against all its major rivals thanks to high yields on US government bonds. The yield on the US 10-year Treasury note started the day at 1.53. %, jumping to 1.635% in the US mid-afternoon, holding close as […]