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 …
Read More »Treasuries Fall, but yields surge ahead of U. S. Jobs Data
Treasuries fell on Tuesday as investors focus on the assessment of the state of the U. S. economy before important payroll report Friday.Rising yields have increased market-implied inflation expectations. Breakeven inflation rate for 10-year TIPS approaches 2.5%. The U.S. Treasury yields climbed Tuesday as rising energy prices stoked inflation fears. …
Read More »Ahead of RBNZ, NZD/USD struggles to find direction
The NZD/USD pair is fluctuating in a relatively tight range on Tuesday. The Reserve Bank of New Zealand is expected to hike its fiscal policy rate by 25 basis points on Wednesday. Meanwhile, the U. S. Dollar Index has clinged to modest daily gains, and stayed below 94.00. The NZD/USD …
Read More »Gold Falls as The Dollar’s Bleeding Stops
Gold retreated from its highest level in more than a week on Monday, October 4, as US Treasury yields rose and the dollar compensated for some of its losses, but it remained above the technically important $1750 support level, supported by market fears of inflation. Spot gold fell 0.5% to …
Read More »Gold falls to lowest over USD’s jump
Gold prices have been served a blow by a new rebound of the U.S. dollar and by the rise of the 10-year bill yields. Gold for December delivery lost $14.60, or 0.8%, to settle at $1,722.90 per ounce, following another decline by 0.8% on Tuesday. Prices marked the lowest most …
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