US Treasury yields for10 years have not witnessed any change on Thursday since the close of last daily trading due to the pressure the markets are experiencing as a result of inflation data at the level of US producer prices, which highlighted rises that are much less than market expectations.The …
Read More »Financial Markets’ Weekly Recap, April 3-7
Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).Global financial markets ended last week with mixed performance reflecting …
Read More »USD/CHF falls on softer Swiss inflation data post US Manufacturing PMIs
As the US economy tightened, the S&P Global and ISN Manufacturing PMIs dipped into the recessionary range. Following weak US manufacturing data, the yields on US Treasury bonds and the Dollar both plunge.After reaching a daily high of 0.9196, the USD/CHF fell by 0.17% due to lower-than-expected inflation in Switzerland. …
Read More »Stocks close lower as Wall Street regains stability
While Wall Street regains some stability at the close of what has been a turbulent month, stocks were divided on Tuesday. The S&P 500 fell 6.26 points, or 0.2%, to 3,971.27 even though the vast majority of the index’s companies increased. The Nasdaq composite dropped 52.76, or 0.4%, to 11,716.08 …
Read More »T-yields do not ease the pressure on the US dollar.
The American dollar was not supported by surging Treasury yields. The EUR/USD shifted in the direction of 1.0850. The USD/JPY pair fell back when it encountered resistance near 131.50, while the AUD/USD rose again above the 0.6700 mark.Despite surging Treasury yields, the Dollar Index shows that the US dollar is …
Read More »Market Drivers – US Session 27/03/2023
The week has generally started off quietly and optimistically on the financial markets. Due to a lack of any significant economic news during the US session on Monday, the Dollar Index (DXY) seemed unable to gain from higher T-yields.Key Developments On Monday, the DXY lost gains and fell under 103.00 …
Read More »Is gold’s comeback difficult amid higher Treasury yields?
In an effort to break a two-day downturn, the price of gold is slightly bid lately. Treasury bond rates rise as a result of easing bank problems, but not all bond bears are siding with XAU/USD bulls. The hesitation of Federal Reserve policymakers to support rate increases boosts the risk-on …
Read More »Financial Markets’ Weekly Recap 20 – 24 March 2023
Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …
Read More »Market Drivers – US Session 22/03/2023
Following the Fed’s decision on monetary policy, Wall Street finished lower after a turbulent session. The US Federal Reserve lifted rates by 25 basis points as predicted. When the Federal Reserve strikes a balance between rising inflation and banking instability, the tightening cycle is about to come to an end. …
Read More »Market Drivers – US Session 21/03/2023
Wall Street indexes rose sharply on Tuesday ahead of the Federal Reserve decision, led by shares of regional banks. First Republic stock rose 29%. The Dow Jones gained 0.98%, and the Nasdaq advanced 1.58%. Banking fears keep easing, paving the way for more tightening from central banks. US Treasury Secretary …
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