Recession fears join rate hike rumors to reverse Friday’s cautious optimism. S&P 500 futures moderate rebound from yearly low. US Durable Goods Orders and Housing Data May Liven Up Intraday Traders, ECB Forum Crucial. Global markets fail to prolong Friday’s cautious optimism as fears of higher interest rates weighing on the economic transition tested traders […]
Tag: YieldCurve
S&P 500 Futures and US Treasury Yields Pull Back as Markets Await Powell at Fed
Risk appetite fades after two days of optimism amid recession fears and pre-Powell anxiety. S&P 500 futures fell half a percentage point as they reversed the rebound from the yearly low. 10-year US Treasury yields lose bullish momentum near 11-year high. Fed Chairman Jerome Powell may defend the bears by fueling rate hike expectations. Global […]
ECB: Central bank does not target specific spread levels for indebted countries – Martins Kazaks
The European Central Bank (ECB) does not target specific spread levels for indebted countriesthe central bank’s chief policy officer told Reuters on Monday, Martins Kazaks. Featured Statements “We try to ensure proper transmission.” “It’s hard to see the rise in spreads as being driven by changes in fundamentals.” “Investors should not get carried away by […]
EUR/USD advances towards 1.0500 as the ECB announces an unscheduled meeting, focus on the Fed
EUR/USD strengthens and rises to new daily highs, extending the previous day’s bounce from the monthly low. The ECB announces a surprise meeting to discuss current market conditions. Yields remain under pressure, equity futures give back recent gains ahead of key central bank meetings. The ECB could try to make up for previous failures to […]
Forex Today – Asian Session: Dollar Retains Strength Ahead of Fed
What to watch for on Wednesday, June 15: The US dollar continued to advance on Tuesday, retaining its strength early on Wednesday as fear rules financial markets ahead of the US Federal Reserve decision. Market traders had long anticipated a 50 basis point hike, but on Monday, market talk suggested the central bank may opt […]
USD/JPY approaches 135.19, a multi-decade high, with considerable momentum
The yield on 10-year Treasury bonds soared to its highest in more than a decade. Soaring inflation is behind market turmoil amid recession fears. USD/JPY is on track to hit new multi-decade highs above 135.20. Risk aversion remains in control of financial markets on Wednesday as market participants speculate that the US Federal Reserve will […]
USD/JPY defends 134.00 level as dollar pullback stops ahead of US PPI.
USD/JPY bounces off 134.00 as dollar bulls regain control. European indices are back in the red, underpinning safe-haven dollar demand. The US PPI is expected, while a 75 basis point Fed rate hike in June seems likely. The USD/JPY attempts a small recovery during the European session, reversing a sell off at the 134.00 area. […]
Forex Today – Asian Session: Central Bank Week Begins With Markets Panicking
What to watch for on Tuesday, June 14: Financial markets started the week in risk-off mode, a continuation of Friday’s negative sentiment after the US reported that inflation continued to rise in May to a multi-decade high. Market participants expect a possible 75 basis point rate hike at this week’s US Federal Reserve meeting. The […]
USD/JPY corrects sharply towards 1340.00, Bank of Japan intervention weighs
USD/JPY corrects towards 134.00 after verbal intervention from the Bank of Japan. The US dollar and Treasury yields show unrelenting strength on recession fears. All eyes are on the Fed and the Bank of Japan to give the pair a new boost. The USD/JPY turns negative again below 134.50having wiped out all previously recorded gains […]
RBNZ: Exit of five-year QE bond holdings to start in July
The Reserve Bank of New Zealand (RBNZ) has said in a statement on Thursday, that will start selling government bonds purchased during its quantitative easing (QE) program gradually over the next five yearsas reported by Bloomberg. Key comments “The Reserve Bank will sell bonds to the Treasury Department’s debt management office at a rate of […]