AUD / USD bulls take a breather near the highest level since February 2018. The statements from China, the likely fight between the United States and Iran, and Fitch’s negative outlook on Australia’s credit rating failed to replace the virus / vaccine stimulus optimism. The light calendar emphasizes risk catalysts for a new direction. The […]
Tag: Bonds
The main stock indexes close lower
Wall Street benchmarks closed in the red despite moving away from lows in recent hours.Mixed news on virus vaccines, pessimistic US data and fears of less liquidity in the market, due to higher rates, hopes for an American stimulus and the increase in vaccines offer additional support.The Dow is down 0.38% from the all-time high, […]
US dollar index rises to 90.70 ahead of U-Michigan data
DXY gains extra steam and hits 3-day highs near 90.70. Rising US yields support the dollar’s daily gains. The February flash figures for consumer confidence appear below. The US Dollar Index (DXY), that tracks the dollar vs. a group of its main rivals are trading in improved mood above 90.70, or 3-day highs, on Friday. […]
Inflation expectations rise on both sides of the Atlantic
Investors in the US bond market and the euro zone are assessing a rebound in inflation, amid the rise in the price of oil and due to expectations of a fiscal spending package solid under the presidency of Joe Biden. As represented by the 5-year inflation swap, US inflation expectations have risen to the highest […]
USD / CHF flirts with one-week lows, around the 0.8940-30 zone
USD / CHF witnessed strong selling on Tuesday and extended last week’s retracement decline. A pullback in US bond yields weighed on the USD and put pressure on the pair. The recovery in safe haven demand benefited the CHF and contributed to the intraday decline. The pair USD/CHF it maintained its strongly offered tone through […]
USD / JPY clings to gains above 105.50, sustained move above 200 DMA expected
USD / JPY regained positive traction on Monday and recovered the losses of the previous session. The risky mood undermined the safe haven JPY and continued to support the bullish move. The rally in US bond yields benefited the dollar and provided an additional boost to the pair. The pair USD/JPY it maintained its offered […]
10-year Treasury yields rise for sixth day in a row near 11-month high
Yields on US 10-year bonds hold firmer around the March 2020 high. Hopes for US stimulus propel the bulls despite tension between the US and Iran and mixed news surrounding COVID and vaccines. A virtually empty economic calendar on Monday keeps investors’ appetite for risk intact. While reflecting the market optimism, US bond yields remain […]
USD / JPY clings to daily gains near 105.50 region
USD / JPY regains positive traction on Monday and reverses the losses of the previous day. The appetite for risk weighs on the Japanese yen and provides a good boost to the pair. Rising US bond yields revive demand for the USD and support the pair’s upward move. The pair USD/JPY clings to its modest […]
AUD / USD retraces from daily highs and hovers around 0.7625-30 region
AUD / USD gains traction for the second day in a row on Thursday. The rally in US bond yields benefits the USD and limits the pair’s gains. The pair AUD/USD moves with a slight positive bias during the European session on Thursday, although it has lacked continuation and has remained limited below the region […]
USD / CAD remains positive near the 1.2800 level although lacks continuation
Sustained USD buying helps USD / CAD gain some positive traction on Thursday. The rally in crude oil prices benefits the CAD and limits any further gains in the pair. The pair USD / CAD remains positive on the day, near the region of daily highs during Thursday’s European session, with bulls making another attempt […]
