Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street gained for the second straight day (DJIA +0.62%; S&P 500 +0.63%; Nasdaq +0.84%), as US Treasury yields took a breather despite a hawkish takeaway from the Jackson Hole Symposium. Both the US 2-year and 10-year yields cooled by around 5 basis-point
© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang SHANGHAI/BEIJING (Reuters) -China’s central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of
Share: Silver price edges up 0.07% on Friday, buoyed by a dip in US Treasury bond yields and a mixed market sentiment. Technicals suggest XAG/USD’s struggle near the weekly highs of $23.00, with the 200-day DMA acting as a key barrier. Immediate resistance lies at the downslope trendline, with potential targets at $22.80
10-year yields in the US clipped the 4.30% mark yesterday but are pushing back lower by nearly 6 bps to 4.249% currently. The former is a key line in the sand for the bond market at the moment and so far, the bulls are making a bit of a stand. But against the narrative that
As bond markets puked yesterday, it validated the drop in gold this week amid a firmer dollar as well. Gold may be up 0.3% today (at least for now) but is still down 1.3% on the week and set for its worst performance since mid-June. Looking at the chart: Gold (XAU/USD) daily chart The rally
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. Normally
Gold Price (XAU/USD), Silver Price (XAG/USD) Analysis, Price, and Chart Gold struggles to hold prior support. Silver eyes the 200-day simple moving average. Recommended by Nick Cawley Get Your Free Gold Forecast US Treasury yields turned sharply lower at the end of last week after the latest US Jobs Report showed hiring slowing down in
© Reuters. Investing.com — Most Asian currencies fell on Monday, with the Japanese yen coming under pressure from an unscheduled bond buying operation by the Bank of Japan, while the Chinese yuan was hit by weak business activity data. A recovery in the dollar pressured most regional currencies, as the greenback rose from steep losses
