© Reuters. Investing.com– Most Asian currencies advanced on Tuesday, reversing some recent losses as the dollar retreated from 2023 peaks before a string of key economic readings due this week, although risk appetite still remained weak. Soft purchasing managers index (PMI) readings from and also limited any major gains in regional currencies, as the data
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Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Major US indices gave back all of last week’s gains on Friday, with volatility triggered by the triple witching day amid the vast options’ expiry (estimated to be $3.4 trillion worth – the largest September expiry on record). The
The markets were quiet on the last day of August, awaiting the key jobs report today. Treasuries and the US Dollar were firmer, but off their best levels, while Wall Street closed mixed. Ongoing expectations that the FOMC can pause, or is done with rate hikes continued to support along with the lingering impact from
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Today’s trading has been a journey as the market tries to sort out the economy and the bond market. Treasury yields are still higher on the day but have been reeled in from earlier levels. US 10-year yields are up just 0.2 bps on the day to 4.23% from a high of 4.28% after Powell.
