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Forex Friday: It is all about the pound
In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK.
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
Could tomorrow's Michigan Consumer Sentiment be the key for the FOMC’s decision next week?
If the inflation components are higher than expected, watch for a possible tape-bomb from the Wall Street Journal that the Fed is “more likely” to hike 100bps.
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Higher oil and bond yields could benefit CAD/JPY
A combination of favourable yield differentials, higher oil prices and a bullish consolidation on CAD/JPY suggest it could break to new highs in due course.
July housing data concludes on a mixed note; waiting on Jackson Hole
July housing data finished up this week with worse than expected New Home Sales and better than expected Pending Home Sales.
Gold attempts breakout as yields dip
Investors appear convinced the Fed will slow down rate hikes despite officials indicating otherwise.
Fed speakers out in force with more hawkish tone; USD/JPY
The correlation between USD/JPY and 10-year yields has come back in line and is almost in “strong” territory on the daily timeframe.
Gold, dollar steady ahead of ISM services PMI as yields push higher
Let’s see if today’s US data or Fed speeches will cause more volatility in bond – and, in turn, gold – prices.
All eyes on bond yields ahead of FOMC
In the eyes of bond markets, the front-loading of interest rate hikes will potentially lead to a recession.
Stocks slump, yields surge as recession worries add to inflation woes
Risk was completely off the menu at the start of a busy week for central bank action
US Yields on the move again. What does it mean for USD/JPY?
US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.
After a strong March, US 10-year yields and USD/JPY may be ready for a pullback
As a result of the high correlation with USD/JPY, yields have been pulling USD/JPY higher with them.
Will the bond market meltdown be the undoing of the S&P500?
U.S. yields have surged higher again this week to their highest level since May 2019, after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting, causing fresh pain for global bond markets.
Powell’s comments send yields and USD/JPY to multi-year highs
In Powell’s first comments since the press conference after the FOMC meeting last week, he comes across as extremely hawkish.
CPI Preview: Is inflation close to peaking?
After a surge to 7% YoY for December, CPI is expected to have increase to 7.3% YoY in January.
US 10Y bond yields creaking again
Benchmark US government bond prices have been inching higher and yields lower again, suggesting the recent improvement in US data has not made a big impact on interest rate expectations.
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YIELDS: RACE TO THE BOTTOM
The race to the bottom continues for government bond yields after the Reserve Bank of New Zealand became the latest major central bank to shift from neutral to dovish overnight.
Is Sentiment About To Crack?
With US treasury yields starting to turn lower, just as the S&P500 hesitate at critical highs, we take a look at the bigger picture to see if sentiment could be about to turn for the worst.
US bond yields creaking amid recent soft data
With the Fed dropping its hawkish bias, and with recent US data deteriorating slightly, bond prices should remain supported and yields undermined going forward
Gold remains supported as yields and stocks struggle
Thanks to a pullback in bond yields and an equity market sell-off, yesterday saw gold climbed to its best level since July to reach a critical resistance level around $1238-40.
Gold on the brink as dollar and yields heat up
When stocks fall, the conventional wisdom is that safe haven gold would rise, and vice versa. But when stocks fall because of rising bond yields, it is a different story.
Stocks and euro drop amid risk aversion
The weakness of the euro combined with safe haven flows into the yen has caused the EUR/JPY to slump back to long-term pivotal level around 130.00 this morning