Home Trading Market Update – USD & Yields Dip from Highs & Stocks Recover

Market Update – USD & Yields Dip from Highs & Stocks Recover


The USD The price of gold has dropped from recent highs, but is still at 104.75. Yields Cooled, but the 2/10 year Curve of yield Continually inverted by 83 bp The 2-year yield was at 5% yesterday. US Stocks Closed positive (DOW +1.05%) which has helped lift Asian markets (Nikkei +1.56%With a positive spin on it New Chinese economic targets These are expected to be announced on Sunday. Sentiment also got a lift from “Dovish” Fedspeak from Bostic Who prefers “slow & steady” 25 bp To limit the risk of recession, rate increases Overnight: NAB CEO: Three more RBA Rate hikes are possible Kashkari & Waller Continued to push the Hawkish position. Japanese Unemployment To be declined 2.4% CPI in Tokyo and Tokyo areas fell to 3.3% From 3.4%. China Services PMI beats significantly 55.00 From 52.9 Last time.

  • FXUSDIndex rallied to over 105.00 To 105.13, But has cooled to 104.70 now. EUR Holds over 1.0600, But it was rescinded yesterday 1.0575 Hot EZ CPI readings and US Claims. JPY Bruted 137.00 But has fallen to 136.40 Flat for the week, now and tomorrow Sterling was a weak performer yesterday declining into Monday’s low at 1.1925 Nevertheless, it remains below the key 1.2000 Trading at 1.1980 now.
  • Stocks – Yesterday saw a rally in the US stock markets (+0.73% to +1.05%) Movers – #SI…

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