2 year yields looking to close at lowest level since Sept The US two year yield continues to push to the downside with the yield reaching a low of 3.787%. Closing below 3.848 today would be the lowest close going back to mid September 2022. Looking at the daily chart, the yield would also close
German S&P PMIs: Service PMI Flash: 53.9 (Forecast 51, Previous 50.9) Mfg PMI Flash: 44.4 (Forecast 47, Previous 46.3) Composite PMI: 52.6 (Forecast 51, Previous 50.7) March’s ‘flash’ PMI® data from S&P Global showed a second consecutive monthly increase in business activity across the German private sector, with the rate of growth accelerating though remaining
In this article F Follow your favorite stocksCREATE FREE ACCOUNT The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating
Share: NZD/USD picks up bids to trim the first daily loss in three. Mixed sentiment, light calendar in Asia-Pacific allow Kiwi bears to take a breather. Yields stay depressed as banking woes, Fed’s dovish hike propel demand for bonds. First readings of US PMI, Durable Goods Orders should be eyed to predict the one last
The United States’ crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase’s recent Wells notice. On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of a Wells notice, just
Gold prices were little changed on Friday after two sessions of sharp gains, as a slightly stronger dollar countered hopes of a potential pause in the Federal Reserve’s rate-hike cycle. FUNDAMENTALS * Spot gold was flat at $1,993.73 per ounce, as of 0104 GMT. U.S. gold futures were also unchanged at $1,996.60. * The dollar
Dollar faced broad sell-off overnight after the less hawkish than expected Fed rate hike and press conference, with Euro emerging as the biggest winner against the greenback. Sterling and Swiss Franc followed suit, while Australian and New Zealand dollars also strengthened but lagged on a weekly basis. Attention now shifts to BoE and SNB rate
EURUSD falls below 1.0866 The EURUSD moved to new session lows. The move to the downside picked up steam on the break below the swing area between 1.0866 to 1.0886. The price has moved to a low of 1.0823 and looks toward the 1.0800 area (1.0799 to 1.0805) as the next target (blue numbered circles).
Earlier this month we had the February inflation data for the Tokyo area: Today we get the national level data for February. Like the Tokyo data the headline is expected to drop from the January reading, as is the excluding fresh food measure. The core-core (this is the CPI excluding food and energy and is
In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday raised its revenue outlook for fiscal 2023 for the second consecutive quarter after reporting quarterly results that showed growth
Share: Silver price remains underpinned by a soft US Dollar and depressed US bond yields. XAG/USD Price Analysis: A daily close above $23.00 could exacerbate a rally toward YTD highs. Silver price advances sharply to fresh six-week highs in the North American session, courtesy of a weak US Dollar (USD), which remains downward pressured by
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New Delhi, Gold price climbed by Rs 450 to Rs 59,350 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 58,900 per 10 grams. Silver also zoomed Rs 815 to Rs 69,800 per kilogram. “Spot gold
Market’s response to the rate hikes by SNB and BoE has been relatively muted. Following today’s rate decisions, SNB signaled the possibility of further tightening, while BoE remains open to either a hike or a pause in the future. Dollar is currently the day’s worst performer, followed by Swiss Franc and Japanese Yen, with commodity
AUDUSD sits between the 100/200 are moving averages The AUDUSD is trading between its 100 hour moving average (blue line) above, and 200 hour moving average (green line) below ahead of the FOMC rate decision. Those moving averages will help define the more bullish or more bearish bias. There are a number of swing levels
Reuters Latest Asian FX Poll is out – Investors turned less bearish on the Chinese yuan and the Singaporean dollar as they cut short bets across most Asian currencies, a Reuters poll found, as fears of a banking crisis likely prompted a shift towards a pause in policy tightening by major central banks. Short bets