Global market sentiment: The US dollar and US interest rates fell amid weak economic data. All the US data releases undershot their median estimates, notably consumer sentiment which caused the sharpest currency moves du…
Global market sentiment: The US dollar and US interest rates fell amid weak economic data. All the US data releases undershot their median estimates, notably consumer sentiment which caused the sharpest currency moves during the evening. Commodities were mostly rangebound, while the S&P500 closed almost unchanged near the record high. Interest rates: US 10yr treasury yields fell from 2.21% to 2.13% while the 2yr yield fell from 0.56% to 0.53%, flattening the curve.Australian 3yr government bond yields followed suit and fell from 2.08% to 2.03% while the 10yr yield fell from 2.90% to 2.83 %. Currencies: The US dollar index initially rose during the London morning but then abruptly reversed following the US data disappointments. EUR did the opposite, bouncing from 1.1324 to 1.1467 -= a three-month high. USD/JPY reversed arounf the same time from 119.92 to 119.19. AUD benefitted from the US dollar weakness during the London afternoon, bouncing back from 0.7997 to 0.8062 (near where it closed in Sydney). NZD similarly bounced from 0.7430 to 0.7495. AUD/NZD ranged between 1.0740 and 1.0800.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
