Gold futures fell on Friday, on pace to halt a three session climb, as Treasury yields and U.S. benchmark stock indexes rose, but the recent run-up in the precious metal set prices up to post the best weekly advance since August. The selloff Friday followed gold’s inability to hold above …
Read More »Gold gains as seek haven amid inflation surge
Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …
Read More »Treasury yields slid over economic indexes
The CRB commodity index hit an all-time high, PPI Thursday was at the highest in at least 10 years and yet yields are falling.Investors still digest a lighter-than-expected September producer inflation reading. The yield on the benchmark 10-year Treasury note gave up 3 basis points, falling to 1.519% at 2:35 …
Read More »Declining yields incite USD selloff
The dollar sold off on Wednesday pushed lower by falling US Treasury yields. The market mood was depressing throughout most of the day.Yields were weaker ever since the day started, but accelerated their slump following the release of US inflation data. The September Consumer Price Index was upwardly revised to …
Read More »Inflation data push Treasury yields closer together
The gap between yields on shorter- and longer-term Treasury yields narrowed Wednesday after new data showed consumer prices rose in August. The gap narrowed mainly because Longer-dated Treasury yields moved lower after stronger than expected U.S. inflation data.In turn, 10 and 30 year U.S. yields were lower on Wednesday morning. …
Read More »Market Drivers – U. S. Session 12-10-2021
The economic outlook on Tuesday’s U. S. trading session encompassed several readings that significantly impacted the performance of major currencies as well as Wall Street.Market Sentiment Market sentiment pushed the U. S. dollar to hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering …
Read More »USD hits one year high as U.S. yields surge
The U. S. dollar hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering of its massive bond-buying program in November as concerns over soaring energy prices also sent investors to the safe-haven currency.Yields on the U.S. two-year Treasury note jumped to their highest …
Read More »Weekly Recap 4-8 Oct
The NFP report, Friday, crowned all market related news given its impact on the U. S. Fed’s tapering and consequently its impact on the U. S. economy and currency.The Dow Jones Industrial Average hovered around the flatline but finished a volatile week with its strongest gains since June. Volatility returned …
Read More »Mnuchin warns of inflation risk, 3.5% Treasury yields
U.S. government debt yields edged up Thursday, with the 10- and 30-year rates hitting their highest levels since June, as stocks advanced on a temporary debt ceinling deal by Congress and a drop in weekly jobless benefit claims. Steven Mnuchin, the former U.S. Treasury secretary, warned about the risks of …
Read More »U. S. dollar under pressure as risk appetite improve
Commodity currencies and sterling are at the best levels of the day against the U. S. dollar as equities extend gains and oil up into positive territory.There’s an interesting inverse relationship to oil and the dollar unfolding when you might think it would be the opposite, seeing as how it …
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