U.S. Treasury sells 10-year notes at a high yield of 3.960%
High yield at 3.960% WI level at the time of the auction 3.929% Tail +3.1 basis points versus six month…
Category: Forex News
Signs continue to mount that high rates are biting into US consumer spending
Last week, I highlighted comments from online furniture retailer Wayfair, where executives said that interest rates were biting hard: “Q2…
European equities post a strong day but the Nasdaq starts to wilt
Closing changes in Europe on the day: Stoxx 600 +1.6% German DAX +1.5% Francis CAC +1.9% UK’s FTSE 100 +1.8%…
EIA weekly US crude oil inventories -3728K vs -700K expected
Prior was -3436K Gasoline +1340K vs -986K expected Distillates +949K vs +241K expected Refinery utilization +0.4% vs +0.8% expected Production…
S&P 500 futures up 1% but eyes on chipmakers after SMCI rout
US stock market futures are pointing higher today after the Bank of Japan walked back its hawkish stance and acquiesced…
ForexLive European FX news wrap: The market rebound continues to stick for now
Headlines: US futures pull higher as the optimism holds USD/JPY extends rebound, draws in key near-term levels again BOJ’s Uchida…
Japan top currency diplomat says focus is on volatility when it comes to FX
It is desirable for currencies to move in a stable manner reflecting fundamentals Excessive volatility increases uncertainties, reduces predictability for…
The dollar needs the economy to work for it
The idea of the dollar smile theory is pretty much this: But amid the unwinding of the carry trade since…
US futures pull higher as the optimism holds
The broader market sentiment is continuing to recover, with the optimism from yesterday holding up for now. S&P 500 futures…
AUD/USD moves back in line after start of the week plunge
And despite all the volatility, AUD/USD is now roughly flat in August trading when accounting for the slight rise today.…