Dollar Surges on Renewed Rally in Yields, Yen and Gold Tumble
Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies....
USD/TRY Outlook: Turkish Lira Falls Further On News From CBRT/Stronger Dollar
USDTRY rose to one-week high on Tuesday and is on track to fully retrace a partial recovery from last week’s 8.5015 high. Lira remains under increased pressure since the most recent shock after President Erdogan replaced the governor of the...
Yen Drops Broadly as Yields Rose on Optimism
Yen trades generally lower today following surging treasury yields and some firmness in stock markets. While it’s not yet a full risk-on market, sentiments are positive for now. Swiss Franc, Euro and Dollar also turn slightly softer. On the other...
GBP/USD: Here’s Why Recovery Won’t Be Easy
Key Highlights GBP/USD is correcting higher from 1.3670 and it climbed above 1.3750. A crucial bearish trend line is forming with resistance near 1.3880 on the 4-hours chart. EUR/USD is still facing an uphill task near the 1.1840 and 1.1850...
Oil Looks To OPEC For Direction
When: Thursday 29th March Oil prices were on a roller-coaster ride across the previous week, with swings on two consecutive days of 6%, as the bears and bulls tussled over demand concerns, amid rising covid cases, and supply issues amid the...
How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be first out the door. That’s...
Fed’s Waller says the central bank isn’t keeping rates low to finance government debt
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve...
Silver Unfollows Gold: Where Next?
Historically, gold and silver tend to be highly correlated assets, but their strong positive relationship slightly relaxed in the first quarter of the year, making investors wonder whether this deviation could be something more than temporary in the coming years....
XAU/USD Outlook: Gold Drops 1% as Stronger Dollar and Economic Recovery Hopes Dent Demand
Spot gold accelerated lower on Monday, losing around 1% in early US trading, as demand for safe-haven yellow metal was hit by stronger dollar and rising hopes for fast global economic recovery. Fresh weakness generated strong bearish signal on break...
Sterling Rises in Quiet Markets, Lifted by Buying Against Euro and Franc
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a...
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