In a surprised move, BoE announced to intervene in the gilt markets. While 10-year gilt yield drops notably on the news, the recovery in FTSE is just mild. Sterling also just fluctuates and it’s trading as the weakest one for the day. On the other hand, Swiss Franc buyers jump in on worsening energy crisis
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10-year Treasury yields are at their highest since October 2008, briefly crossing 4% in European morning trade as the pressure on the bond market continues to mount. I shared some thoughts about the situation yesterday here as to how the threat of financial dislocations isn’t just stemming from the UK alone at the moment. 10-year
Gold prices slipped on Wednesday, as the dollar resumed climb after Federal Reserve officials reiterated the U.S. central bank’s resolution to maintain an aggressive policy stance to tackle soaring inflation. FUNDAMENTALS * Spot gold was down 0.3% at $1,624.81 per ounce, as of 0132 GMT. * U.S. gold futures dipped 0.2% to $1,632.4. * The
Risk-off sentiment dominates Asian markets today, as the Chinese Yuan’s free fall accelerates. The steep depreciation could limit the room for the government to ease monetary policy further to help the economy that’s still troubled by pandemic measures. Yen and Dollar are currently the stronger ones in the currency markets, followed by Swiss Franc. Kiwi
US Treasury Secretary Yellen: Financial markets are operating normally, doesn’t see erratic financial market conditions says she doesn’t see any liquidity or deleveraging issues current conditions are tighter as a result of the battle against inflation US Treasury is monitoring market conditions closely Yellen is right. Yeah, its volatile. It always is on the exit
New Delhi, Capital markets regulator Sebi on Tuesday came out with a new framework for daily price limit for commodity futures contracts in a bid to resolve the difference in closing price at domestic exchange and global bourse. The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures
Dollar edges mildly higher after better than expected consumer confidence reading, but stays range bound. Overall, the forex markets are in consolidation mode. Sentiment appears to be supported as US stocks open higher, which European indexes are steady. One focus for the rest of the day is US 10-year yield’s reaction to 4% handle, and
The dollar is softer across the board as it is giving back some of the gains worked out as of late. That said, even with a 1% jump in cable it is still hardly felt with price hovering just above 1.0800 on the day. Elsewhere, the dollar’s position are also solidified with USD/JPY down 0.3%
NEW DELHI: Gold prices moved marginally higher on Tuesday as the US dollar took a breather. That said, despite the rise, it languished near two-and-a-half-year lows amid rate hikes fears. The US Federal Reserve officials on Monday sloughed off rising volatility in global markets and said their priority remained controlling inflation. Gold futures on were
The currency markets have turned into consolidation mode temporarily. Sterling further stabilized after BoE said in a statement that the assessment of the government’s growth plan will be done at next “scheduled” meeting, ruling out an emergency meeting. Dollar is also taking a breather even though 10-year yield rose to the highest level since 2010.
US 10-year Treasury yields finished the day 23 basis points higher to 3.92% but what has me most worried is the final 4 bps on the day. There was a late drop and that has me worried about liquidations or someone blowing up. You would expect to see some rebalancing flows into bonds this late
Gold prices in the national capital rose by Rs 138 to Rs 49,786 per 10 grams on Monday, according to Securities. In the previous trade, the precious metal had closed at Rs 49,648 per 10 grams. Silver also jumped by Rs 224 to Rs 56,514 per kilogram from Rs 56,290 per kg in the previous
Dollar is extending its broad-based rally today. But other positions are somewhat changing. Sterling is now recovering as traders take profit, while awaiting an unconfirmed statement from BoE. Euro is also paring some recent losses. Meanwhile, Swiss Franc, Yen and Canadian soften in general. Australian and New Zealand Dollar are mixed. Technically, while Sterling recovers,
The low earlier hit 1.0357 (this may vary depending on your platform but definitely under 1.0400), which was an all-time low for the currency in the modern era so to speak. In part, a stronger dollar has definitely pushed GBP/USD over the edge from a technical perspective but there is also plenty to scrutinise about
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude. Brent crude futures for November settlement slipped $1.35, or 1.57%, to $84.80 a barrel
Sterling’s free fall extends into Asian session today, even against the weak Euro which is pressured against all other major currencies. Dollar is currently the strongest one and would likely remain so for now. Yen, Swiss Franc and Canadian Dollar are also firm. Australian and New Zealand Dollar are mixed for now, but both are
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Base metals had an eventful week. The complex held up relatively well this week, despite several central banks hiking rates and the stronger dollar. The Fed hiked rates by 75 bps and offered hawkish future guidance. The sentiment was also hit by Moscow’s new mobilization campaign in its invasion of Ukraine. Earlier in the week,