Fundamental view: The British pound has gone back and forth against the greenback during the course of the week. Long term US government bond yields showed decline last week. The benchmark on the 10-year Treasury note fell to 1.51%, while that on the 2-year bond has surged above 0.50%. A narrowing spread usually hints at a rate-hiking [...]
Fundamental view: The Euro has initially tried to rally during the course of the trading week but later gave up gains and ended with a bearish candle. The Central banks are facing inflationary pressures amid post-pandemic supply chain issues and soaring energy prices, And at the same time economic recoveries are losing momentum. As Tighter monetary policies [...]
The Australian dollar is trading high against the US dollar today as investors bet that interest rates could rise as soon as April, hammering bonds and sending yields soaring to peaks not seen since 2019. The central bank declined to purchase the April 2024 target bond, even though the yield was much higher than the [...]
Euro shows a cautious move against the greenback in early Asian session. The pair recovered from the recent lows. Euro gained some support from Germany's GFK Consumer Confidence, which showed an improvement from 0.4 to 0.9 in October, beating market expectations of -0.4. Also, the EU reported September Money Supply, which increased by 7.4%, below [...]
