XAU/USD kisses $1,880 after a sheer recovery amid softer US yields
Share: Gold price has touched $1,880.00 amid a recovery in the risk-on market mood. Softer US yields are weighing on the USD Index despite hawkish Fed bets. Gold price is auctioning in a re-distribution episode in Wyckoff’s markdown phase. Gold price (XAU/USD) has refreshed its day’s high above $1,880.00 in the Asian session. The gold […]
GBP/USD Yields to US Dollar Strength, Where to Next?
GBP/USD – Prices, Charts, and Analysis The US dollar pushes higher but is starting to look overbought. UK Q4 GDP on Friday is the next focus for Sterling traders. Recommended by Nick Cawley How to Trade GBP/USD The US dollar is pushing further ahead in early European turnover, buoyed by Friday’s blowout NFP report and […]
Market Update – February 6 – USD & Yields higher, Yen, Stocks & Gold sink
A blockbuster NFP on Friday (571k new jobs vs 185k) & strong Services PMI (55.2 vs 50.5) has lifted the Dollar and Yields, sinking Stocks and Gold (the 3 mth Gold rally is over). YEN is weakest this morning with key “Dove” Amamiya (current deputy) a possible to take the […]
XAU/USD exposes to $1,850 as yields strengthen amid hawkish Fed bets
Gold price is expected to continue its downside journey to near $1,850.00 as US yields have strengthened. The speech from Fed chair Jerome Powell will provide the likely monetary policy action ahead. Goldman Sachs sees two more interest rate hikes by the Fed in March and May. Gold price (XAU/USD) has resumed its downside journey […]
BoJ deploys funds-supply tool again as JGB yields creep up
Bank of Japan (BoJ) marked another show of the Yield Curve Control (YCC) on early Friday as it extends five-year loans against collateral to financial Source link
USD/JPY traces sluggish yields above 130.00 as Yen traders await BoJ Summary, US GDP and Fed
USD/JPY prints mild gains after reversing from weekly top the previous day. Yields remain sidelined as traders await more clarity on growth prospects, Fed moves. US PMIs were mixed but downbeat equities and higher prints of inflation data elsewhere allowed yields/USD to defend Yen buyers. Light calendar ahead of US GDP, FOMC restricts immediate moves. […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
What isn’t in sync are rates today? Yields.
The US stocks are bulled up today, with the Nasdaq leading the way in the major indices with a gain of 1.48%. The riskier stocks as measured by Cathy Woods ARK Innovation fund is doing even better with a gain of 2.85%. Typically, lower yields help that flow, but if you look at the US […]
AUD/USD renews weekly bottom around 0.6890 amid poor Aussie employment, downbeat yields
AUD/USD bears poke previous monthly top during a two-day downtrend from five-month high. Australia jobs report bolstered case for slower rate hike from the RBA. US Treasury bond yields renew multi-day low even as downbeat data, hawkish Fedspeak renew recession fears. AUD/USD holds lower ground near the intraday low near 0.6890 as the previous monthly […]
S&P500 Futures continues downside on slowdown fears, yields refresh multi-month low
Market sentiment remains negative as lower US PPI has pushed S&P500 valuations to the expensive side. Firms have been forced to trim the prices of their offerings to match weaker demand. Lower US PPI-inspired downward revision for inflation projections has sent US Treasury yields to a multi-month low. Intense sell-off by the market participants in […]