MY.BLOGTOP10.COM

Headlines:Markets:JPY leads, NZD lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields down 4 bps to 3.966%Gold up 0.6% to $1,936.05WTI crude up 0.7% to $73.50Bitcoin down 1.2% to $30,409It was a bit of a mixed session today in European...

In March, we started to get a rehash of the saying 'the Fed will keep hiking until it breaks something'. And when the banking crisis came along, there were many that thought "yup, that is it". During that time, inflation was still high and markets were in for a spicy...

I'm not going to keep beating a dead horse but with the retreat in bond yields today, it is adding to the downside momentum in USD/JPY at the moment. 10-year Treasury yields are down 4.6 bps to 3.960% and that is keeping a drag on the currency pair, which is down 0.8%...

Prior 89.4US small business confidence hits a 7-month high in June as sentiment is starting to turn more optimistic (more like less pessimistic perhaps) on the economy. Sales expectations improved further n the month but the tight labour market continues to drive...

Prior +11.6%New yuan loans ¥3.05 trillion vs ¥2.34 trillion expectedPrior ¥1.36 trillionBroad money growth continues to slow further in China as the government continues to have to balance out tightening credit conditions and providing more stimulus. New loans for the...

Prior -56.5Outlook -14.7 vs -10.5 expectedPrior -8.5The mood is darkening in the German economy as sentiment continues to deteriorate as seen in the ZEW survey. The economic climate for the months ahead is also seen falling further to its lowest since December last...

The yellow metal has struggled in the last two months as price corrects lower but have we found a bottom? The $1,900 mark is where the downside momentum seems to be stalling, with price also hanging on at the 61.8 Fib retracement level at around $1,904:Gold (XAU/USD)...

AUD/USD daily chartA stronger yuan and a better risk mood yesterday doesn't seem to be enough to spark a stronger rebound in AUD/USD, after having bounced off the 0.6600 level twice now in the past few weeks.While the dollar is struggling, the aussie is unable to...

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,...

GBP/USD daily chartThe pound is taking heart from the UK labour market report earlier here, with cable now moving up from 1.2870 to 1.2905 on the day. The softness in the dollar is also part of the reason but the latest push in the last 15-20 minutes is definitely...

Prior 23k; revised to 20kMay ILO unemployment rate 4.0% vs 3.8% expectedPrior 3.8%May employment change 102k vs 125k expectedPrior 250kMay average weekly earnings +6.9% vs +6.8% 3m/y expectedPrior +6.5%; revised to +6.7%May average weekly earnings (ex bonus) +7.3% vs...

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,...

Are we headed towards the next leg lower in the dollar? Well, there's certainly an argument to be made with EUR/USD testing waters above 1.1000 again and GBP/USD moving up to near 1.2900 - its highest levels since April last year. The former has key resistance at the...