The DXY currently trades ~1.73% higher than multi-year lows made in last week’s trading, now looks for support ahead of Friday’s NFP report A somewhat softened stance on tariffs, rumblings of the first successful trade deal, and a calming of Trump-Powell tensions have allowed the dollar to gain ground USD: Uncertainty surrounding tariffs The introduction […]
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Markets Yesterday’s US 20-yr $16bn bond sale was a rough one. The auction tailed 1.2 bps vs the 5.035% WI yield with lower-than-average demand. US yields ripped higher, extending earlier gains. Net daily changes varied Read more…
Daily Pivots: (S1) 192.34; (P) 193.03; (R1) 193.49; More… Intraday bias in GBP/JPY stays neutral. While deeper pullback might be seen, further rally is expected as long as 190.22 structural support holds. On the upside, Read more…
Daily Pivots: (S1) 162.50; (P) 162.90; (R1) 163.19; More… Intraday bias in EUR/JPY remains neutral for the moment, and more consolidations could be seen. Further rally is in favor as long as 161.57 support holds. Read more…