What to watch for on Wednesday, June 8: Risk aversion was again the main theme, although the dollar fell against its main rivals in the last session of the day. Lower US Treasury yields undermined demand for the greenback as the 10-year note yields 2.97%, after hitting a high of 3.06% earlier in the day. […]
Tag: YieldCurve
Forex Today – Session: Dollar Rises as Recession Fears Ring Strong
What to watch for on Tuesday, June 7: Market sentiment turned from optimistic during Asian trading hours to pessimistic during US trading hours. The initial good mood was supported by hopes that the global economic situation would start to improve after Beijing continued to lift coronavirus-related restrictions. Sentiment turned south at the open on Wall […]
Forex Today – Asian Session: Dollar Resumes Advance as Fears Return
What to watch for on Thursday, June 2: The US dollar rose during US trading hours as stocks fell and yields advanced. The catalyst was a mix of upbeat US data boosting the USD and concerns about an upcoming recession. Attention turned to inflation and growth, and whether policymakers would tighten their monetary policies further. […]
Gold Price Forecast: XAU/USD Holds on to Gains Near $1,860 Amid Falling Yields
Gold price extends a five-day rally amid a broadly weakened US dollar. Risk aversion and falling Treasury yields fuel XAU/USD gains. A daily close above the 21-day SMA is key to further rallies. The price of gold (XAU/USD) is returning to the highest levels in two weeks, while the bulls continue to receive support from […]
Bulls look to recapture 130.50 amid favorable technicals
USD/JPY bulls are looking to regain control amid firmer returns. The monetary policy divergence between the Fed and the BoJ is likely to support any downside. Daily RSI flirting with overbought territory, more gains on the table? USD/JPY is staying in a tight range above 130.00, fluctuating between gains and losses, as markets remain undecided […]
10-year Treasury yields jump to highest level since November 2014
Australia’s 10-year Treasury yields have updated a seven-year high to 3.338%hovering around 3,322% at press time, due to the Reserve Bank of Australia (RBA) rate hike. The Australian central bank surprised bulls by beating 15bps of market forecasts with a 25bps hike in the benchmark rate to 0.35%. In addition to the rate hike, the […]
Forex Today – Asian Session: The dollar is a win-win scenario
What you should know on Tuesday, April 12: The market mood was sour at the beginning of the week, with the dollar initially falling but then recovering against its main rivals. The demand for safety pushed USD/CHF lower to the 0.9300 region and gold higher as the shiny metal is trading around $1,950 a troy […]
GBP/JPY rises for fourth session, but fails to hold above 162.00
GBP/JPY was set to gain for the fourth session in a row on Wednesday despite risk aversion, but failed to hold above 162.00. Rising global yields continue to undermine the yen, but subdued jitters from the BoE may limit GBP/JPY’s further upside potential. The GBP/JPY was set to rise for a fourth straight session on […]
Forex Today – Asian Session: Dollar Continues to Strengthen
What you should know on Thursday, April 7: The US dollar remained strong on Wednesday as the focus remained on geopolitical tensions and aggressive central banks. The President of the United States, Joe Biden, announced an executive order that will prohibit new investments in Russia. European leaders, for their part, failed to reach an agreement […]
Forex Today – Asian Session: Dollar buoyed by skyrocketing yields
What you should know on Wednesday, April 6: The US dollar is the overall winner on Tuesday, firmly against all of its major rivals. Diminishing chances for a diplomatic solution to the Russia-Ukraine conflict and aggressive central banks were behind the market moves. Earlier in the day, the Reserve Bank of Australia abandoned its patient […]