EUR/USD refreshes eight-month high above 1.0870 as risk profile soars, US PPI in focus
EUR/USD has refreshed its eight-month high above 1.0870 amid a positive risk-impulse. Volatility in the USD Index has escalated as the appeal for safe-haven assets has dropped. After slowing the extent of the interest rate hike to 50 bps, the Fed is expected to trim rate hike pace further to 25 bps. The EUR/USD pair […]
Bitcoin makes a break for it before stalling at the November high
Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead of the November high. Last was $20,812, up $1001 on the day. I take this as not-only a good sign for crypto but for risk […]
GBP/USD is subdued around 1.2200 after printing a four-week high
US Consumer Sentiment improved, while inflation expectations edged lower. UK’s GDP for the fourth quarter contracted and flashed a gloomy economic outlook. GBP/USD traders are eyeing UK CPI, Retail Sales, and US Retail Sales data. The Pound Sterling (GBP) slid slightly vs. the US Dollar (USD) Friday, following the release of the University of Michigan […]
U.S. Treasury auctions of $18 billion of 30 year bonds at a high yield of 3.585%
WI level came in at 3.609% just ahead of the auction. High-yield 3.585% WI level at the time of the auction 3.609% Tail -2.4 bps vs six-month average of -0.2 basis points Bid to cover 2.45X versus six-month average of 2.37X Directs (measure of domestic demand) 16.33% vs. six-month average of 19.0% Indirects (measure of […]
Gold spot prises are on the rise as US inflation remains high
How many times have you read or heard that gold is a safe haven for investors and traders? Numerous is probably the answer. High inflation figures recorded in most major economies seem to have boosted gold spot prices as demand has increased. Gold spot prices hovered around $1,884 per ounce on January 12th. Gold […]
U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977%
High-yield 3.977% versus WI level of 4.000% at the time of the auction tail -2.3 basis points. bid to cover 2.84X versus six month average of 2.52X directs 13.2% versus a six month average of 19.3% indirect 69.5% versus six month average of 59.2% primary dealers 17.3% versus six month average of 21.5% The only […]
AUD/USD prints a new five-month high above 0.6900 as the USD remains offered
AUD/USD climbs due to traders’ speculations that the US Federal Reserve would shift dovish. US 10-year Treasury bond yield continues to edge lower, eyeing the 3.50% threshold and weighing on the USD. AUD/USD Price Analysis: A daily close above 0.6900 can exacerbate a rally to 0.7000. The AUD/USD soars sharply above the 0.6900 figure on […]
Asia FX rallies on China reopening, yuan at over 4-mth high By Investing.com
By Ambar Warrick Investing.com– Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The jumped 0.7% to 6.7912 against the dollar, its strongest […]
XAU/USD renews eight-month high near $1,880 on China concerns, softer US Dollar
Gold price grinds higher after refreshing multi-day high. China unlock, PBOC’s gold stocking underpins XAU/USD run-up. US Dollar bears the burden of downbeat data, mixed Fedspeak. Light calendar, cautious mood ahead of US inflation figures probe Gold buyers. Gold price (XAU/USD) rises to the highest levels since early May 2022 as the risk-on mood joins […]
Dollar hits four-week high on strong employment data By Reuters
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won By Karen Brettell NEW YORK (Reuters) – The hit a four-week high on Thursday after data pointed to a strong jobs market, supporting the prospect that the Federal Reserve could keep up […]