The dollar has been the frontrunner in the last few months and it owes much to a rout in the bond market. Soaring Treasury yields alongside a more robust economy helped to provide the necessary tailwind for the dollar to outperform its peers. But now, are we poised...
BOE the main event on the agenda in the session ahead
Both the dollar and Treasury sellers look like they're in to be squeezed right now, after a turn in the bond market yesterday. 10-year yields tumbled by nearly 20 bps after Yellen's hub announced a wave of supply that is less fearful for traders. The greenback dropped...
AUD/USD looks to come up for some air
Right now, the pair has one thing working in its favour for a move higher. But that particular factor is two-fold and so that amplifies the potential for a stronger relief rally in AUD/USD at the moment. Since the drop below 0.6500 in August, the pair has been caught...
Forexlive Asia-pacific FX news wrap 1 Nov: USD moves lower as markets react to the FOMC
The USD moved lower into the close yesterday after the FOMC kept rates unchanged and the Fed Chair was a little more dovish - at least in the short term. The USD selling continued into the early APAC session and has not let up much. US yields continued their fall with...
Is the bond market rout finally over?
10-year Treasury yields took a big tumble in trading yesterday as the Treasury quarterly refunding announcement was not as bad as feared. The flood of supply was lower than anticipated and that sparked a rally in bonds, helped by a less hawkish take by Powell. The...
USDJPY bounces off the 200 hour MA. Key support stalls the fall.
USDJPY fell to the 200 hour MA & finally found some supportThe USDJPY fell sharply but after breaking below its 100-hour moving average at 150.283 and the 50% midpoint of the move up from Monday's low at 150.252, the buyers showed up near the 200-hour moving...
Japan 10 year JGB auction average yield of 0.910%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
AUDUSD helped by yield spread
The AUDUSD is trading at session highs and trading up 0.70% on the day. The gain is only behind the NZDUSD which has moved up 0.80% so far today. The rise is being helped by a divergence of rates. The FOMC yesterday kept rates unchanged with what was perceived as a...
Hong Kong’s Hang Seng Tech index up 3%
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Crude oil rises $1.00 to $81.44
The price of crude oil has risen $1.02 $81.44. Looking at the daily chart, the price is extending back above its 100 day-moving average (blue line on the chart below) at $81.25.The price has moved lower for 3 consecutive days. On Friday the high price extended to...
PBOC sets USD/ CNY reference rate for today at 7.1797
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US yields continue to move lower. Two-year yield down to lowest level since September 8
US yields continue their move lower:2-year yield 4.924% -14.6 basis points5-year yield 4.620%, -19.8 basis points10-year yield 4.706% -16.8 basis points30-year yield 4.906% -11.8 basis pointsAt the start of the Asian-Pacific session, US yield curve look like the...
China’s PBOC expected to set yuan midpoint at 7.3055/dollar
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Australia’s good trade balance 6.786 million versus 9.400 million estimate
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Japans PM Kishida: economic stimulus package to total about ¥17 trillion
Economic stimulus package to total about ¥17 trillion one including tax cutsExtra budget to fund a ¥13.1 trillion of economic stimulus packageWill strive to pass through extra budget at an early dateThe USDJPY is following the USD lower. and is pushing toward its...
Nikkei 225 opens up 1.22% at 31,987.02
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USD moves lower and takes the early lead as the weakest currency
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Japan weekly bond investments $238.5B vs -$147.8B last week
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Australia S&P/ASX 200 opens up 0.65% at 6882.80. AUDUSD and NZDUSD moving higher.
The Australia S&P/ASX 200 opens up 0.65% at 6882.20. A move higher today would be the 3rd consecutive rise after bottoming on Monday at 6751.3.The AUDUSD is trading up 0.38% in early trading and trades to the highest level on October 12. The price broke above the...