Gold climbs to the highs of the day, nears new record
gold 10 mins There has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has…
gold 10 mins There has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has…
Prior was 4.121% Bid to cover 2.41 vs 2.40 prior The results are a tad worse than expected in the when-issued market but not meaningfully so. There was something of…
Today’s two-year US Treasury sale was a bit of a gut-check moment for the fixed income market. It was the first test of real-demand at sub-4% yields in this environment.…
We last heard from Daly on August 18 when she said: Calls for “prudent” approach to lowering rates Pushed back on concerns of sharp economic slowdown Recent data gives “more…
UPCOMING EVENTS: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI, Nvidia Earnings. Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims.…
IMF chief economist Pierre-Olivier Gourinchas spoke in an interview with Reuters at the Jackson Hole annual economic symposium on Friday. Saud the BoJ can continue to raise rates gradually, a…
Bank of America highlights that historically, the US Dollar Index (DXY) tends to rise from August through US election day in November, suggesting potential USD strength leading into the upcoming…
Policy is well-positioned, wants gradual, methodical approach to cutting There is a clear path to achieving Fed’s goals without unneeded downturn I’m starting to think “policy is well-positioned” is a…
We’re getting the point where we need to really zoom out to paint a picture of the foreign exchange market. A great example is in cable, where the daily chart…
AI image Fed Chair Powell’s annual Jackson Hole remarks have become must-watch events for traders, often sparking significant market moves. Goldman Sachs is out with a quick rundown of the…