In recent weeks, the antipodean currencies have encountered turbulent waters, contending for the title of the month’s poorest performers. Reserve Banks of both Australia and New Zealand are widely perceived to have reached the peaks Read more…
Treasury yields are rising, especially for long-term periods. For example, the yield on 10-year bonds today is 4.28%, and a month ago it was 3.88%, a year ago, 3.02%. Barron’s writes that yields may continue Read more…
With the market anxiously expecting this week’s Jackson Hole gathering, on Wednesday we will get the preliminary UK PMI survey results for August. As the pound remains one of the market’s favorites, a positive surprise Read more…
With the market anxiously expecting this week’s Jackson Hole gathering, on Wednesday we will get the preliminary UK PMI survey results for August. As the pound remains one of the market’s favorites, a positive surprise Read more…
GBP/USD is attempting a recovery wave above the 1.2700 resistance. EUR/GBP declined heavily below the 0.8600 and 0.8565 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh Read more…
Markets High profile technical levels eventually prevailed last Friday in a session absent of eco data, central bank speak or any other high-profile event. Core bonds ended off worst levels YTD after a surge higher Read more…
Daily Pivots: (S1) 1.6944; (P) 1.6980; (R1) 1.7015; More… Intraday bias in EUR/AUD is turned neutral first as consolidation from 1.7062 temporary top is extending. Further rally is expected as long as 1.6737 support holds. Read more…
DXY: The DXY chart currently displays a bearish momentum, suggesting a prevailing downward trend. Within this context, there’s a potential scenario where the price could experience a bearish reaction upon reaching the 1st resistance level Read more…
Key Highlights EUR/USD declined below the 1.0920 and 1.0900 levels. A key bearish trend line is forming with resistance near 1.0885 on the 4-hour chart. Bitcoin price saw a major decline below the $27,000 level. Read more…