Selloff in Yen and Swiss Franc is still the main theme today even though US and Germany benchmark yields are retreating slightly. Australia was only lifted very briefly by the larger than expected rate hike by RBA. Though, Aussie is maintaining gains against Kiwi, which is the worst performing one for the day. On the
Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed. “Right now, it’s
DXY teases recovery after reversing from a fortnight’s high. US Treasury yields rebound, stock futures retreat as growth fears join geopolitical headlines during sluggish Asian session. WB’s Malpass, US Treasury Secretary Yellen allowed USD bulls to take breather. Fed’s September rate hike depends upon Friday’s US CPI while ECB, risk catalysts are important too. US
After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal and other wallets and exchanges. As of Tuesday, the feature is available to select U.S. users, with the feature expanding to all
As the USDJPY and the USDCHF move to new session highs, the catalyst is a move higher in yields. The 10 year yield is currently at 3.034%, up 8 basis points on the day. The high yield reached 3.04% so far. The low was at 2.937%. Since the May 6th low the yield is up
Headlines: Markets: USD leads, NZD lags on the day European equities lower; S&P 500 futures down 0.8% US 10-year yields down 1.3 bps to 3.025% Gold up 0.4% to $1,848.13 WTI crude down 0.4% to $118.04 Bitcoin down 6.2% to $29,494 The day started off with the RBA pulling off yet another unorthodox rate hike,
Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply. Brent crude futures were up 19 cents, or 0.2%, at $119.70 barrel at 0050 GMT. U.S. West Texas Intermediate (WTI) crude futures were up
Australian Dollar rises broadly after RBA surprised the markets by a larger than expected 50bps rate hike. It’s now overpowering the strong Canadian and US Dollars. On the other hand, Yen’s weakness persists on rising benchmark treasury yields in the US and Europe. Sterling is turning soft after Prime Minister Boris Johnson won the confidence
The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and a roaring pace of inflation, the Bureau of Labor Statistics reported Friday. At the same time, the unemployment rate held at 3.6%, just above the lowest level since December 1969. Economists surveyed by Dow Jones had been
In this article TGT Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid
NASDAQ:SNDL fell by 0.42% during Monday’s trading session. ATB Capital Markets remains bullish on Sundial’s stock moving forward. A Cannabis ETF reverse split shows the state of the sector right now. NASDAQ:SNDL dipped further below $1.00 to start the week as the company mulls over being delisted from the NASDAQ or being forced to perform
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Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances. If the reports are found to be true, a potential revision of the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999)
The EURUSD is tilting back toward the low for the day. That low came in at 1.0683. The current price bar on the hourly chart just reached 1.06876. In the NY session , the price moved back below the 200 and 100 hour MAs (green and blue lines) at 1.0719 and 1.0713. That tilted the
British Retail Consortium (BRC) data: like-for-like sales in May -1.5% y/y prior -1.7% Total retail spending -1.1% y/y biggest fall since January last year -0.3% prior (i.e. April) “It is clear the post-pandemic spending bubble has burst, with retailers facing tougher trading conditions, falling consumer confidence, and soaring inflation impacting consumers spending power,” BRC chief
LONDON -Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339 GMT after touching an