Hawkish Fed speak drives up US bond yields, US Dollar Index soars
Summary: Hawkish rhetoric from Fed Presidents Brainard, Daly and George lifted US bond yields which saw the Dollar Index (DXY) soar 0.48% to 99.47 (98
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Summary: Hawkish rhetoric from Fed Presidents Brainard, Daly and George lifted US bond yields which saw the Dollar Index (DXY) soar 0.48% to 99.47 (98
The greenback, in terms of the US Dollar Index (DXY), adds to the recent gains and retests the 98.65/70 band at the beginning of the week. US Dollar I
5/3/2021 9:51:19 AM GMT | By Pablo Piovano EUR/USD reverses Friday’s drop and retakes 1.2050. German 10-year Bund trades in levels last seen over a year ago. US ISM Manufacturing, Powell’s speech next of relevance in the docket. The European currency regains the smile and pushes EUR/USD back to the 1.2050/55 band at the beginning of the week. EUR/USD bid on USD-selling EUR/USD manages well to reverse two consecutive daily pullbacks, including Friday’s important drop of nearly a cent to the 1.2000 neighbourhood on the back of the renewed offered n...
by Tyler Durden Monday, Apr 05, 2021 - 08:00 AM S&P futures surged and most Asian stocks climbed (Europe remains closed for Easter holiday) as investors digested Friday’s unexpectedly strong jobs report which showed the strongest jobs growth in seven months and could mark the beginning of the best annual economic growth in nearly four decades. Bond yields rose modestly after Friday's spike, while the dollar and gold were both unchanged. At 730am, Dow E-minis were up 226 points, or 0.68%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 59.75 points, or 0.45%. Futur...
January 1, 2021SharePrint US The week ahead is all about COVID, the Georgia Senate runoff races, and possibly a negative nonfarm payroll reading. The US is already setting daily COVID-19 records ahead of the holiday surge and concerns are high the new COVID-19 strain believed to be more contagious is spreading across the country. The January 5th Georgia Senate will closely be watched to see if the Democrats can pull off the upset and win both races, which would give them control of the Senate. Before Election Day in November, financial markets priced in for a ‘blue wave’, but that w...