Author: FX
Prior was 3.500%Yesterday’s 2-year sale stopped through by 1.4 bps and so did this one. Real money is still buying bonds, especially at the front end and we’ve seen some follow through after this auction in the cash market.While this is well-above the prior auction, it’s still far below Fed funds at 5.00-5.25% and the belly of the curve remains the most expensive. This article was written by Adam Button at www.forexlive.com. Source link
Share: In a press conference on Wednesday, US House Speaker Kevin McCarthy said that they are sending their negotiators to the White House to try and finish up debt-limit talks. McCarthy further noted that there were still differences over spending but added that he thinks that they could make progress today. When asked whether he was concerned about a default, “I don’t think there will be a default,” McCarthy responded. Market reaction Markets remain risk-averse following these comments. As of writing, the US Dollar Index was up 0.3% on the day at 103.83 and the S&P 500 Index…
Japanese Yen (JPY) Analysis and ChartsUSD/JPY is like all other pairs focused on US debt negotiationsHowever, interest rate differentials hugely support the DollarGBP/JPY remains bid as UK inflation numbers strongly suggest rates must rise further Recommended by David Cottle Get Your Free JPY Forecast The Japanese Yen remains close to six-month lows against the United States Dollar on Wednesday despite mounting concerns over US debt-ceiling negotiations.Treasury Secretary Janet Yellen has warned that Washington could run out of cash by June 1 if Congress can’t raise the ceiling. While the overwhelming likelihood must be that a deal will be done in…
Csondy Wells Fargo analyst Dori Kesten initiated coverage of shopping center REITs InvenTrust Properties (NYSE:IVT) and Retail Opportunity Investments (NASDAQ:ROIC) with Overweight ratings, according to a recent note written to clients. In addition, he issued Underweight ratings on Kimco Realty (NYSE:KIM) and Kite Realty Group Trust (NYSE:KRG), as well as Equal Weight ratings on Brixmor Property Group (NYSE:BRX), Federal Realty Investment Trust (NYSE:FRT), Phillips Edison & Company (NASDAQ:PECO) and SITE Centers (NYSE:SITC). The REITs were ranked based on Wells Fargo’s proprietary heatmap, which takes into account a slew of factors like recession resilience, tenant credit quality and liquidity. As such,…
5/5 © Reuters. A dead black sea urchin is displayed at a laboratory in Tel Aviv University’s Steinhardt Museum of Natural History in Tel Aviv, Israel May 23, 2023. REUTERS/Corinna Kern 2/5 By Hannah Confino and Ari Rabinovitch TEL AVIV (Reuters) – A deadly epidemic that is spreading through the Red Sea has killed off an entire species of sea urchin in the Gulf of Aqaba, imperilling the region’s uniquely resilient coral reefs, an Israeli research team has found. The whole population of black sea urchins, a species known for helping keep coral reefs healthy in the waters also known…
While luck can play a role in catching a big win, being a successful forex trader does not equate to hitting the jackpot or becoming an overnight success. How many times have you let yourself fall into the jackpot mindset while trading? New traders, or those in the middle of a string of losses, often let themselves believe that success in trading is all about being able to catch those big, homerun trades. Let me be straight with you and say that this is NOT what forex trading is about. Jackpots are mainly for casinos, where you tend to make huge risks by placing…
Rivian is a hyped electric car stock that has been in endless fall since its IPO. But the company’s new financial report pushed analysts to consider that the worst might be behind Rivian. Let’s try to examine if this is the moment when we can invest in stock on the lows and reach success.Rivian is a California-based company that produces futuristic electric vehicles – just imagine you are watching a movie released in 2000, about 2033. The firm went public in 2021, and its stock sharply rose right after the IPO. But then, a series of unfortunate events took place.We…
Share: AUD/USD takes offers to refresh monthly low, extends previous day’s fall. Clear downside break of 2.5-month-old ascending trend line, bearish MACD signals favor sellers. Below 50.0 RSI levels, nearness to key supports suggest limited downside room for Aussie bears to cheer. AUD/USD drops to a fresh low since late April as bears cheer technical breakdown, as well as trace New Zealand Dollar (NZD), amid early Wednesday morning in Europe. In doing so, the Aussie pair prints a two-day downbeat as it flashes 0.6585 level by the press time. That said, a daily close below the 10-week-long rising…
The RBNZ had a bit of a dovish hike today, but can this channel resistance on AUD/NZD still hold? Even though the central bank increased interest rates by 0.25% as expected, policymakers actually considered keeping policy unchanged in this meeting. As it turns out, weaker business demand conditions and slowing global inflationary pressures led some to rethink their tightening plans. Not surprisingly, this led to a sharp drop for the Kiwi across the board. But how long will the selloff last? AUD/NZD 1-hour Forex Chart by TV On the hourly chart of AUD/NZD, you can see that the pair has…
Momentum trading is one of the more popular ways traders make money out of the forex market. This is for the simple reason that momentum trading works. Momentum trading is simply a type of trading strategy wherein traders would take a trade in the direction of a strong momentum based on a technical analysis standpoint. It works simply because trading in the direction of a strong momentum means you are trading with a strong flow of the market rather than against it. Momentum is simply a condition wherein a high volume of trades caused price to move strongly in one…