The US Dollar lost ground in the global bond market sell-off as US Bonds have fallen relatively lesser compared to European Bonds especially. The US Dollar index which is a trade weighted basket of 6 currencies had peake…
The US Dollar lost ground in the global bond market sell-off as US Bonds have fallen relatively lesser compared to European Bonds especially. The US Dollar index which is a trade weighted basket of 6 currencies had peaked at 100.39 on March 13 is down to 94.453 currently.
The market is currently positioned for long US Dollars and a further fall in the US dollar could force speculators to cut positions which could result in a spiral effect.
In a sign that the job market could be cooling off, the Federal Reserve's Index of labor market conditions fell to -1.9 in April from March's -1.8, which is the first time this indicator has been negative for two consecutive months. This is an index that has been developed under the leadership of current Fed Chair Janet Yellen, it tracks 19 indicators and is used by the Fed to gauge the state of the US labor market.
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…
