The 10-year US Treasury yields ended Monday’s trading in a bullish direction, based on the rising US dollar, which is benefiting from rising interest rate expectations at the Fed’s policy meeting this week.US Treasury yields for ten years have surged to 3.875%, compared to the previous daily close of 3.841%. …
Read More »Yen fell as traders await monetary policy decisions
On Monday, the dollar and the euro recorded a strong start to a week of central bank meetings, while the yen suffered amid investor expectations that the Bank of Japan would not raise interest rates, contrary to what policy makers in Europe and the United States plan. The Federal Reserve …
Read More »Dollar is rising and Japan’s inflation data is boosting the yen
The dollar rose on Friday as data indicated a resilient US labor market could prompt the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after core consumer inflation in Japan accelerated again in June. Next week, central bank meetings will be held in Europe, Japan …
Read More »Market Drivers – US Session – July 20 Due to lower-than-expected profits and data that could justify further Federal Reserve rate hikes, US stocks slightly declined on Thursday. The Dow Jones managed to close with a 0.45% gain while the Nasdaq lost over 2% of its value. The DXY increased …
Read More »Sterling continued its slide as hawkish BoE expectations eased
As market expectations for future aggressive rate hike from the BoE relatively disappeared post the UK’s dropping inflation, the Pound Sterling kept falling versus the US dollar. The inflated British pound was greatly impacted by the US dollar, which was also participating in an independent surge. As the money markets …
Read More »WTI abandons daily gains on US dollar’s momentum
WTI barrel reached a high of $76.11 on Thursday, but later settled below $76.00. The US crude benchmark is currently trading at $75.72. The WTI’s upwards potential is limited by a cautious market environment and a strong dollar, while reports of oil American stocks may limit the downside. Crude oil …
Read More »Oil prices retreat on profit-taking despite tighter U.S. supplies
Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth.Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.Prices pared gains …
Read More »Dollar’s rebound extends despite US soft housing data
The US dollar is gathering momentum against its major rival currencies midweek. The Dollar Index rose above 100.50 earlier during the US trading session. At the time of writing the Index posts 100.417.The US housing data missed expectations but failed to trigger a market reaction. The dollar started to outperform …
Read More »Gold is rising as investors await US retail sales data
Gold prices rose on Tuesday, with the dollar falling near its lowest level in more than a year, while traders await retail sales data in the United States to see its impact on the monetary policy of the Federal Reserve. Spot gold rose 0.3% to $1,959.54 an ounce by 0359 …
Read More »Dollar near the lowest level in a year and the euro hit a 17-month peak
The dollar index faltered near its lowest level in more than a year on Tuesday as investors await fresh catalysts to see if the dollar will continue to fall in the wake of last week’s softer-than-expected inflation report. The dollar index, which measures the performance of the US currency against …
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