US yields continue their move lower: 2-year yield 4.924% -14.6 basis points 5-year yield 4.620%, -19.8 basis points 10-year yield 4.706% -16.8 basis points 30-year yield 4.906% -11.8 basis points At the start of the Asian-Pacific session, US yield curve look like the following: 2-year yield 4.954% -12.1 basis points 5-year yield 4.662% -15.6 basis
XAU/USD, XAG/USD PRICE FORECAST: MOST READ: S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data Releases Gold prices fell to a low of around $1990/oz in the Asian session before a bounce in the European session has resulted in the precious metal regaining the $2000/oz handle. There is however quite
Share: Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday. Weak economic activity The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour
Share: Australian Dollar’s strength is reinforced by stronger Retail Sales. Australia’s Retail Sales surged to 0.9%, significantly higher than the market consensus of 0.3%. US and China have agreed on a meeting between Presidents Joe Biden and Xi Jinping in November. US Dollar encountered a challenge after a moderate Core PCE Price Index data on Friday.
GBP, DXY PRICE, CHARTS AND ANALYSIS: Read More: US Dollar Index (DXY) Update: US Dollar Retreats with GBP/USD Eyeing a Trendline Break GBPUSD enjoyed a mixed day with some consolidation in the European session as the DXY started the day on the back foot. The US session however, has seen a rise in US Yields
S&P500 & NAS100 PRICE FORECAST: SPX Faces a Host of Challenges as Recovery Hopes are Dashed by Rising US Yields and Poor Tech Earnings. Google Parent Alphabet Fell as Much as 8.7% as it Missed Expectations for its Cloud Business as Microsoft Gained 2.3% as it Beat Estimates. Meta and IBM Reporting After Market Close.
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Share: GBP/USD struggles to extend gains as US Dollar rebounds. UK Retail Sales dipped to 0.9% against the expected 0.1% decline. Upbeat US Treasury yields provide support to underpin the Greenback. GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle