Pinch, Punch, bond yields surge as FTSE 100 has bruising start to October Stocks are sinking and global bond yields are rising in an ominous start to the quarter for financial markets. The FTSE 100 is lower by 1.7% so far this morning, and the Dax is also lower by more than 1%, as investors […]
Key takeaways Platinum is priced at $1,699 per ounce, although during the January rally it came very close to $3,000, surpassing previous historic highs. Platinum is currently losing over 3% week-on-week, 2.5% month-on-month, and 20.5% year-to-date, although on a twelve-month horizon it is still up about 8.5%. It is about 42% away from January’s record […]
Monthly Summary September was a month in which the commodities market stopped moving as a whole. The average weekly change of the basket was minus 2.31%, and only eight of the twenty-six instruments finished the last session in positive territory. This is not a picture of a broad bull market or a broad bear market, […]
The NZD/USD pair loses momentum to near 0.5615 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the tighter New Zealand election race raises investor fears on policy backflips. Traders await the US weekly Initial Jobless Claims data and the Fedspeak later on Thursday. […]
The Euro (EUR) is down 0.16% at around 1.1310 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair is under pressure as the US Dollar outperforms due to surging United States (US) Treasury Yields. US Dollar Price Today The table below shows the percentage change of US Dollar […]
The Australian Dollar (AUD) is up against its major currency pairs on Thursday, but is almost flat against the US Dollar (USD) at around 0.6948 in the early European trade. The antipodean outperforms even as market experts see the Reserve Bank of Australia (RBA) shifting to an extended hold after hiking its Official Cash Rate […]
The GBP/USD pair trades in negative territory around 1.3250 during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the US Dollar (USD) amid widening monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed). The US weekly Initial Jobless Claims report and the Fedspeak […]
Brent crude is trading around the $97-per-barrel area as improving Middle East oil flows ease immediate supply concerns, while uncertainty surrounding the Strait of Hormuz and stalled US-Iran negotiations continues to limit the downside. Crude movements through Hormuz have recovered toward pre-war levels, while Saudi Arabia has restored part of its East-West pipeline capacity, creating […]
The Canadian dollar is under renewed pressure against the US dollar, with USD/CAD trading around the 1.42 area and recently reaching approximately 1.4200–1.4203. The move has pushed the loonie to its weakest levels since July, while the US dollar has strengthened broadly against the Canadian currency. The decline has become more pronounced over recent weeks […]
The Indian Rupee (INR) weakens against the US Dollar (USD) on Thursday after an upside move the previous day. The Indian currency faces selling pressure as United States (US) Treasury Yields extend their rally, supporting the USD/INR pair to move higher to near 95.93. As of writing, 10-year US Treasury yield is close to 5.31%, […]