Aussie Dips ahead of Retail Sales
Aussie slips below 0.75 line After a strong week, the Australian dollar has reversed directions and dropped below the 0.75 line on Monday. Investors will be keeping an eye on Australian retail sales, which will be released on Tuesday. The...
Selling Focus Turns to Sterling as Yen Digests Losses
Yen remains the weakest one today, but there is some short covering as global benchmark treasury yields also retreat. Selling focus is turning Sterling instead. For now, Aussie and Dollar are the strongest one for the day, followed by Canadian....
EURUSD Continues to Slide as Positive Hopes Fade
EURUSD is edging lower toward the 1.0900 handle after bullish developments in the pair were unable to overpower the 1.1100 hurdle. The falling simple moving averages (SMAs) are endorsing the 10-month bearish trend from the May 2021 high of 1.2266....
Yen Selloff Resumes, Euro Follows, Bitcoin Breakout
Yen’s selloff resumes as another week starts on rising treasury yields while Asian stocks are mixed. European majors are also under some selling pressure, with Euro, Sterling and Swiss Franc steady among themselves. Meanwhile, Australian Dollar is performing well together...
Yen Extended Down Trend as US 10-Yr Yield Hit 2.5, Euro Vulnerable Again
Yen was once again the runaway loser last week as global benchmark treasury yields, except JGB, surged. BoJ has clearly put a cap in 10-year JGB yield and the result is widening spread and persistent Yen selloff. Euro showing some...
Week Ahead: Russia/Ukraine Battles Continue; Core PCE and NFP on Tap
Last week was about the US and NATO working to help Ukraine. However, the Russian invasion into Ukraine continues this week as the top Russian negotiator said that no progress is being made on main political issues. Can the two...
The Weekly Bottom Line: Fed’s Focus Tilts Squarely on Restoring Price Stability
U.S. Highlights In a carefully crafted speech this week in D.C., Fed Chair Powell reaffirmed the Fed’s keenness for a more aggressive removal of monetary stimulus in order to restore price stability. Powell highlighted the potential for the Fed to...
Week Ahead – An Encouraging Recovery
Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring...
Mortgage rate soars closer to 5% in its second huge jump this week
The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis...
Vanguard reclaims top target-date fund manager spot, leapfrogs Fidelity and BlackRock
Until 2020, Vanguard had collected the most new investor money in target-date funds each year since 2008, according to Morningstar.
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