Bullish breakout seen in US Treasury 10-year yield above 3.90%, next resistance at 4.46%. Long-duration assets (fixed income & growth stocks) sold off and underperformed in the past two days. Record low level of implied Read more…
Daily Pivots: (S1) 1.3304; (P) 1.3339; (R1) 1.3402; More…. USD/CAD’s rebound from 1.3115 short term bottom extended higher and it’s now pressing 55 D EMA (now at 1.3369). Intraday bias stays on the upside for Read more…
Daily Pivots: (S1) 1.0851; (P) 1.0875; (R1) 1.0917; More… Range trading continues in EUR/USD and intraday bias remains neutral at this point. Further rise is still mildly in favor. On the upside, break of 1.1011 Read more…
Financial markets are awaiting with bated breath today’s US non-farm payrolls data, as labor market tightness continues to be a crucial variable in shaping Fed future policy trajectory. Market consensus predicts a healthy growth of Read more…
Key insights from the week that was. Seeing need for time to assess the outlook after a cumulative 400bps of tightening since last May, the RBA decided to leave the cash rate unchanged in July. Read more…
Economists are more optimistic about how many jobs were created in the US last month. But, that might be an over-correction from consistently underestimating the resilience of the labor market this year. But, there are Read more…
Economists are more optimistic about how many jobs were created in the US last month. But, that might be an over-correction from consistently underestimating the resilience of the labor market this year. But, there are Read more…