USD/JPY has been trading in uptrend after following a series of domestic data events and action on Wall Street. There was a good rally in the greenback and again in Asia due to the pace of the sell trend in US treasuries that has increased sharply even though there was a dovish comment from the [...]
Gold prices has edged lower on Thursday as higher U.S. Treasury yields has dented the metal's appeal, although losses were limited due to a weaker dollar and Federal Reserve Chairman Jerome Powell's dovish comments. The US 10-year Treasury yields step back from 1.3940%, the highest since February, to 1.3810% the latest. Comments from Fed policymakers [...]
NZD/USD touched a high which is the level last seen in April 2018. There is a positive sentiment despite the Reserve Bank of New Zealand (RBNZ) expressed willingness to provide more stimulus and stressed its ability to implement negative rates if needed. The Reserve Bank of New Zealand kept its Official Cash Rate (OCR) steady [...]
Cable is traded with the positive momentum. The bulls attack the highest levels since April 2018, flashed the previous day, ahead of the UK employment report for January. The forecasts suggest improvement in the UK jobs report but any disappointment can’t be ignored as this includes the lockdown period. Interest rates may stay at historically [...]
