[ad_1] The day started with US yields down marginally after overnight saw the 30-year bond yield touch 5.0% (at 5.01%) before buyers came in and pushed the yield lower. The yield reached the highest level since August 2007 before retreating.. The 10-year yield reached 4.884% and likewise backed off those elevated levels. For the 10
[ad_1] Markets: Gold down $16 to $1848 WTI crude oil down 78-cents to $90.93 US 10-year yields down 0.2 bps to 4.57% S&P 500 down 12 points to 4288 AUD leads, CAD lags The quarter ended with some drama as the US dollar shot higher, recouping losses from European and Asian trading and in some
[ad_1] The NZD and the AUD are ending the day as the strongest of the major currencies. The JPY is the weakest. The latest central bank decision came before the US open, when the Bank of Japan in The rates unchanged but did say that they would consider easy policy exit 1 achievement 2% inflation
[ad_1] The EUR is ending the day as the strongest of the major currencies. The USD is also mostly higher with gains vs all the major currencies with the exception of the EUR. The JPY and the NZD were the weakest of the majors. The strongest to the weakest of the majors. The gains in
[ad_1] Markets: Gold flat at $1918 US 10-year yields flat at 4.26% WTI crude oil down 48-cents to $87.35 S&P 500 up 0.2% CAD leads, JPY lags The euro ends the day flat but it certainly wasn’t quiet as some hawkish ECB sources reports ahead of next week’s meeting, along with some lumpy flows led
[ad_1] Markets: WTI crude up 43-cents to $85.98 GBP leads, USD lags US/Canada bonds and equities closed There wasn’t much to report in terms of price action in North American trading. The holidays in the US and Canada kept a lid on the market and there wasn’t any news to jar markets. The overall tone
[ad_1] Markets: Gold flat at $1940 US 10-year yields up 8.8 bps to 4.18% WTI crude oil up $2.25 to $85.88 S&P 500 up 0.1% USD leads, CAD lags The initial market reaction to the non-farm payrolls report was about what you would expect — USD selling, bonds bid — but then it got complicated.
[ad_1] Fed’s Powell’s Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone : Regarding monetary policy and rate decisions: Prepared to raise rates further if deemed necessary. The next move will be based on data. The
[ad_1] There was no major news coming out of the Fed chatter. Most of the focus was on interest rates, and stocks. Bitcoin fell toward technical support. Crude oil prices rebounded off of low levels and closed higher on the day, but down on the week. On Friday, if you were to look at the
[ad_1] Markets: Gold flat at $1912 US 10-year yields up 8.8 bps to 4.17% WTI crude oil up 35-cents to $83.17 S&P 500 flat GBP leads, NZD lags The final changes on the day and the headlines don’t capture what was a lively August Friday. The PPI numbers hit and were slightly stronger than expected.
