US yields are continuing the move lower with the 10 year down around 10 basis points
The US 10 year yield is down around 10 basis points at 4.57%. The high yield reached 4.687% in trading just yesterday. So there is good news on the dip.…
EUR/USD Price Forecast: 1.1600 support holds as bearish momentum lingers
EUR/USD stages a modest rebound on Wednesday as a pullback in US Treasury yields limits further upside in the US Dollar (USD), while the Euro (EUR) draws support from the…
AUDUSD retraces to support area. Bounces.
The AUDUSD broke below a key swing area floor between 0.7100 and 0.7113 during yesterday’s trade, extending to a low of 0.7079 before finding support buyers. However, the downside momentum…
Malaysia: Cautious exports outlook with strong surplus – UOB
UOB’s Global Economics & Markets Research, led by Julia Goh and Loke Siew Ting, highlights that Malaysia’s exports surged in April, driven by robust E&E demand and record re-exports, widening…
USDCAD moves to a new high going back to mid-April, but backs off. What next?
The USDCAD has been climbing steadily since bottoming on May 1, with buyers consistently stepping in on dips near the rising 100-hour moving average. Earlier in the Asian session today,…
’Am I out?’ Drought and rising costs from Iran war deepen pain for US farmers
’Am I out?’ Drought and rising costs from Iran war deepen pain for US farmers Source link
AUD/USD and NZD/USD Fresh Decline Signals More Weakness Ahead
AUD/USD failed to stay in a positive zone and declined below 0.7150. NZD/USD is also moving lower and might extend losses below 0.5800. Important Takeaways for AUD/USD and NZD/USD Analysis…
British Pound: Choppy range risks against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley note that reduced expectations for aggressive Bank of England (BoE) tightening are weighing on the British Pound (GBP), even as recent United Kingdom (UK)…
Euro: Downside risks persists against US Dollar – ING
ING’s Francesco Pesole maintains a bearish bias on EUR/USD, noting markets have raised the bar for trading positive Middle East headlines. He highlights 1.1570 as key support and recalls the…
Japanese Yen steadies as strong Japan GDP, Fed hawkish risks offset
USD/JPY trades around 159.05 at the time of writing on Wednesday, virtually unchanged on the day, as investors balance several opposing factors surrounding the Japanese Yen (JPY) and the US…
