Tumbling bond yields ramp up the pressure for the Fed to cut rates
The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was...
Trading on Sentiment: Using IG Client Sentiment Data
Trading on sentiment data can help traders identify hidden trends in the market that may not be obvious to novice traders.DailyFX provides client sentiment data based onall live IG trades in the forex, commodity and indices markets and acts as...
BTCUSD Keeps Bullish Bias Intact
Demand for Bitcoin accelerated this week, with the price running as high as 12,257 on Wednesday before pulling back to the 11,400 support area. The market could retest its latest peaks as the recent rebound in the RSI and the...
China’s Exporters Could Have a Painful Summer as Trade Game Turns More Defensive
China played its exchange rate weapon this week to prove that it has the means to fight a tougher trade war with the US, but the Chinese government, like its major counterparts, also needs a solid economic floor to survive a bigger turmoil. Hence,...
USD/CNH Holds Above 7.00 as US-China Trade Spat Shows No Easing
The most important topics right now are trade wars and the relentless rally in the bond markets as concerns grow over the health of the global economy. Those concerns were evidenced by three central banks across the Asia Pacific almost...
Deutsche Bank: is it really different this time?
“It is different this time,” says chief executive Christian Sewing, of Deutsche Bank’s latest restructuring. Management and the board are not asking shareholders to stump up new money to meet the €7.4 billion costs of exiting equity sales and trading,...
Sewing’s savings: how Deutsche Bank will try to turn itself around
Deutsche Bank chief executive Christian Sewing on Monday morning unveiled what he described as the most radical transformation of the bank in decades. “We are doing nothing short of reinventing Deutsche Bank,” he told participants on a conference call intended...
Yen Strengthens Again on Falling Treasury Yields, Swiss Follows
Yen strengthens broadly today, mainly follows decline in major benchmark yields. German 10-year yield hit another record low at -0.597. US 10-year yield also breaks 1.7 handle. Yields are pressured after deeper the surprised -50bps cut by RBNZ and expectation...
EURUSD 1.1187 Key Pivot
The euro has retraced back under the 1.1200 level against the US dollar, following a lack of interest to take the pair above th current weekly trading high. EURUSD bulls need to continue to defend the 1.1187 level in order...
New Zealand and Australian Dollars in Steep Decline after Surprised RBNZ 50bps Rate Cut
New Zealand Dollar is clearly the worst performing one today as selloff intensifies after RBNZ’s surprised -50bps rate cut. Australian Dollar is also dragged down deeply while Canadian Dollar follows as third weakest so far. Asian markets ignore rebound in...