US 2-year yields are 20 basis points from the lows, nearly positive
The panic in bond markets has steadily reversed in the past 90 minutes. From being down more than 20 bps,…
Category: Forex News
The euro rises above 1.10 for the first time since January 1
Here is the whole story in the euro right now: Everyone is short the euro and now everyone is covering…
Why Canadian markets will outperform today
Diving is on the Olympic scheduled today and it’s also on the market schedule. The gold medal so far goes…
US futures pinned lower ahead of North America trading
Here’s a snapshot of things: S&P 500 futures -3.0% Nasdaq futures -4.6% Dow futures -2.1% Russell 2000 futures -5.3% At…
Weekly update on interest rates expectations
Rate cuts by year-end Fed: 125 bps (96% probability of 50 bps rate cut at the upcoming meeting) ECB: 75…
Eurozone June PPI +0.5% vs +0.4% m/m expected
Prior -0.2% Looking at the breakdown, there was an increase in prices for intermediate goods (+0.1%), energy (+1.6%), capital goods…
EUR/CHF barely hangs on at the year's lows for now
The pair traded to a low of 0.9210 earlier, before catching a bounce to 0.9310-20 levels currently. The jump in…
Spain July services PMI 53.9 vs 56.0 expected
Prior 56.8 Composite PMI 53.4 Prior 55.8 It’s not a major data release but it won’t help to calm market…
10-year Treasury yields sink further to 3.70%
This is also in part a key factor that is weighing on Japanese yen pairs in FX. It’s been a…
PMIs on the agenda in European trading today
The big one to watch will be later in US trading, with the ISM services PMI for July coming up.…