The bond market continues to hold all the cards
The main event yesterday was supposed to be the US CPI data but instead, it served to tee up yet another poor Treasury auction and that set off another round…
Read More »Inflation remains the focus on the agenda in Europe today
It was a relief day for broader markets yesterday and that is still holding somewhat so far today. The dollar retreated while stocks gained some reprieve, even as we continue…
Read More »Dollar stays in the driver’s seat for now
It’s all about what is happening in bonds right now and with Treasuries still selling off, it is keeping the dollar underpinned. 10-year yields in the US may be down…
Read More »UK inflation in focus in the session ahead
Major currencies continue to stay in a rather subdued mood, with there being little change today after the mixed showing yesterday. The main focus is on the Fed decision today,…
Read More »US holiday won’t do markets much good today
The sudden turnaround in the bond market on Friday is definitely a curious one but perhaps it continues the theme from early August. The focus then was on the flood…
Read More »Dollar gets knocked off its perch
A couple of poor data points yesterday seemed to be enough to cause some jitters about the US economy. That resulted in a big drop in Treasury yields and that…
Read More »Japan reportedly considers to extend fuel subsidies until year-end
The measure in question is one that is helping to keep gasoline prices below ¥180 a litre and it is being reported taht the government is working on a separate…
Read More »A couple of light releases coming up in Europe today
The dollar is marginally lower as we look towards the session ahead, after some mixed moves in markets yesterday. 10-year Treasury yields broke out to the highest since 2007 but…
Read More »The aussie decline looks set to continue
The selling today is in part to do with the poor Australian jobs report earlier here. But it also comes against the backdrop of a firmer dollar from yesterday and…
Read More »FX option expiries for 3 August 10am New York cut
There are just a couple to take note of for today, as highlighted in bold. That being for EUR/USD around the 1.0900 to 1.0920 region and they are relatively large…
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