Market Update – October 11 – Yields, US Dollar, and Oil on bid
The Treasury market and the Fed is closed today for Columbus Day, but Wall Street will trade. USD (USDIndex hold 94.00), Bonds and Stocks under pressure as the job report…
Read More »US Dollar Index bears attack 97.00 with eyes on FOMC Minutes
US Dollar Index (DXY) drops towards 94.00, down 0.04% intraday around 94.06 by the press time of early Monday. The greenback gauge was weighed down by
Read More »Silver Price Forecast: XAG/USD steady around $22.70 after a dismal Nonfarm Payrolls report
Silver (XAG/USD) is advancing during the New York session, climbs 0.69%, trading at $22.76 at the time of writing. Price action throughout the America
Read More »Dollar bull’s hopes are high
Overnight Headlines *US stocks rose for a third day on a stop gap debt ceiling plan *USD edged lower as markets await today’s NFP *Oil climbs on switch from gas…
Read More »Dollar holds near 14-month high as gas whipsaws
Overnight Headlines *US stocks ended in positive territory after initially suffering heavy losses *USD advanced above 94 though closed off its high *Bitcoin surged through $53,000 to it highest level…
Read More »ADP up but it is still the same story after all
A slightly better than expected ADP report has taken some of the bearish edges off of Wall Street futures. But it is still the same story with stagflation risks, multi-year…
Read More »Risk-off kicks off the final quarter
Overnight Headlines *US stocks tumbled with the S&P500 posting its worst month since March 2020 *USD consolidated nears its recent highs *US 10-year bond yields ended lower again as bonds…
Read More »AUD/USD Rises on Down US Dollar, Possible Recall of Chinese Ban on Australian Coal
The Australian Dollar rose into Friday's APAC session as the Greenback fell with Treasury yields. An energy crisis in China may see a ban lifted on Australian coal imports.
Read More »Midweek Market Podcast – September 29
It was all about Yields this week as Treasuries, Equities and EM currencies tanked as the USD continued its bid on the back of the rapidly rising 5, 10 and…
Read More »US Open – USD, Oil & Yields Higher, Tech Stocks Sell-Off
USA100, H1 Fed Chair Powell will testify (later today) that the economy continues to improve, according to his written testimony released Monday. He will add that the labour market has…
Read More »