The Fed has the tough job of reassuring markets after the Evergand crisis and two weeks of mounting losses in stocks as the US economy struggles with declining jobs and the worst inflation in a decade. The meeting is expected to address the taper timeline, however, investors eye the taper …
Read More »Euro declines ahead of Fed and CBs meetings
Euro declined against the U. S. dollar on Monday as dollar firmed ahead of a week that will witness several central bank meetings globally.Immediate resistance can be seen at 1.1738 (50%fib), an upside break can trigger rise towards 1.1771(61.8%fib).On the downside, immediate support is seen at 1.1697(38.2%fib), a break below …
Read More »U.S. Treasuries yields rise, Investors await Fed hints on taper timeline
U.S. government bond yields have surged on Friday, with the 10-year bill yield approaching a two month high, touching 1.3855%, its highest level since 2011 and was set for a fourth consecutive week of increases, the longest such successive band since March.Traders look forward to a busy week of Central …
Read More »