The benchmark 10-year US Treasury bond yield holds above 1.8% after rising 3% on Thursday. Economists at Société Générale expect 10Y UST to reach 1.97% with scope for the 2.13% mark. Break below 1.65% to denote a deeper down move “Neckline at 1.65% should be an important support.” “10Y UST is likely to extend its
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Its US jobs report Friday, previews: China was once again out on holiday today. Combined with the wait for the upcoming US January jobs report (nonfarm payroll, previews in the bullets above) much of major FX traded in small ranges. EUR/USD was a bit of an exception. After the ECB and President Lagarde’s less dovish
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones. There is upside prospect for Euro even if ECB delivers just a slight hawkish tilt.
EURGBP races to topside resistance The BOE raised rates by 25 basis points with dissenters in the 5-4 vote leaning to 50 bp rise. That initially sent the EURGBP to the downside. However, after Lagarde started to switch course for the ECB, it was “fast break the other way” for the EURGBP with the price
SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies. Brent crude was up 16 cents, or 0.2%, to $91.27 a barrel by 0102 GMT, after rising $1.16 on Thursday. U.S.
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report its fourth-quarter earnings after the bell on Thursday. Here’s what Wall Street expects: Earnings per share: $3.57, according to
More than three months after its release, the ad from crypto exchange Crypto.com featuring Hollywood star Matt Damon was the subject of ridicule in the latest episode of the animated series South Park. In the first episode of its 25th season titled “Pajama Day”, the creators of South Park took on people in the United
What you need to know on Friday, February 4: European currencies soared after central banks’ decisions, putting pressure on the greenback across the FX board. The Bank of England hiked its policy rate by 25 basis points to 0.5% as expected, as all voting members aligned to hike, although 4 out of the 9 participants
US factory orders for December -0.4% US factory orders for December 2021: Nondefense capital expenditures ex air for December 0.3%Prior month +1.6% revised to 1.8% Factory orders come in as expected at -0.4%. The prior month was at 1.8%. Durable goods revision -0.7% versus -0.9% previously reported. Durable goods increased 3.2% in November Durable goods
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”
EURUSD moves higher The press conference with Lagarde is underway and the market reaction is to the upside. The pair is currently trading above the high from yesterday at 1.13295. The high price just reached 1.1360. That high tested the high price going back to January 21. The January 20 high at 1.13684 would be
New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday. Reflecting a tightening labor market, vacancies rose to
Shell petrol station logo on Sept. 29, 2021 in Birmingham, United Kingdom. Mike Kemp | In Pictures | Getty Images Oil giant Shell on Thursday reported a sharp upswing in full-year profit on rebounding commodity prices. The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit
The impetus towards pricing in a more abrupt Fed tightening cycle has run its course for now, with 4 ½ to 5 hikes priced in for 2022. The US Dollar Index (DXY) is in a retracement phase for now, but the medium-term bull trend remains intact, economists at Westpac report. Yield support for DXY to