Author: FX
TD Securities strategists argue that the United States (US) Treasury buyback announcement has reinforced bearish momentum for the Dollar. Using US Dollar Index (DXY), SPX and UST 5s30s data since 1999, they find that bull flattening alongside stronger US equities tends to weigh on the Dollar, while a US equity shock could still trigger a rebound in 2026.Bull flattening weighs on Dollar outlook”The US Treasury buyback announcement on August 19 caused the long-end 30y Treasury yield to fall by almost 10bp on the day and led to a bull flattening curve dynamic.””Conventional wisdom would have been for the USD to…
Prior 52.1Manufacturing PMI 51.5 vs 51.5 expectedPrior 51.9Composite PMI 52.5 vs 51.6 expectedPrior 52.2Comment:Chris Williamson, Chief Business Economist at S&P Global Market Intelligence:“The UK economy picked up a bit more pace in August, adding to signs that we should see solid economic growth of around 0.3% in the third quarter. The expansion is being helped by sunny weather and tech investment, though as expected we have seen some softening of growth in the manufacturing sector as precautionary stock building cools. This reflects easing concerns, for now, over the economic impact of the war in the Middle East. Businesses are feeling…
Dow Jones futures gain 0.13% to trade above 52,900 during European hours on Friday. Meanwhile, S&P 500 futures remain up by 0.18%, to trade near 7,680, and Nasdaq 100 futures advance by 0.38% to trade above 29,400.US stock futures gained alongside a steady 10-year US Treasury yield at 4.7% as markets reacted to Washington’s efforts to curb elevated yields through a long-end bond buyback program. US Treasury Secretary Scott Bessent indicated that accelerated debt buybacks could surpass the planned $4 billion per issue. Bessent also noted that an upcoming fiscal plan is currently in development, with the US budget deficit…
The Multi Time Frame Supply and Demand Indicator MT4 can help traders organize their chart around areas where buying or selling pressure previously appeared.The problem is that supply and demand zones can be difficult to mark consistently. Traders often draw too many levels, enter after a zone has already been tested several times, or get caught in a fake-out. A few bad entries can lead to frustration, wider stops, and unnecessary account drawdown.This indicator brings supply and demand analysis from multiple timeframes into one MT4 chart. Instead of relying only on the current timeframe, traders can compare higher-timeframe zones with…
Bavarian Nordic A/S press release (BVNKF): Q2 Revenue of DKK 2.03B (+23.0% Y/Y). Travel Health revenue increased by 45% (56% when adjusting for discontinued partnerships) to DKK 1,022 million. Public Preparedness revenue increased by 6% to DKK 975 million. EBITDA Source link
Long-term government bond yields hit multi-decade highs this week. The U.S. 30-year yield reached its highest since 2007, French borrowing costs hit their highest since 2008, and German yields climbed to 2011 levels. U.K. gilt yields closed in on 6%, while Japan’s long-term yields neared record highs. The U.S. Treasury even doubled its bond buyback program to stop the bleeding, but it barely worked. What’s up with that?! What’s Actually Going On? Most traders learn that bond yields move when central banks change interest rates. That’s generally true for short-term bonds, but long-term bonds play by a different set of…
CHF/JPY has pulled higher after Japan’s massive yen-tervention in late July, hovering around a descending trend line and area of interest. Will it hold as resistance? Source link
WTI crude oil appears to have bounced off a long-term floor, but can it sustain the rally? Keep tabs on these inflection points and catalysts! Source link
USD slammed in Asia Friday: Bitcoin, gold, FX surge as investors hedge against US fiscal credibility concerns !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
EUR/USD remains stronger for the third consecutive day, trading around 1.1680 during the Asian hours on Friday. The Euro (EUR) gains ground against the US Dollar (USD), bolstered by strong economic fundamentals across the region. Markets are closely watching the upcoming HCOB Purchasing Managers’ Index (PMI) data from Germany and the broader Eurozone for further directional cues.Adding to this strength, soaring European natural gas prices, driven by supply shortages in the Middle East, are keeping inflationary risks elevated. These ongoing price pressures will likely compel the European Central Bank to continue raising interest rates throughout the year.The central bank’s hawkish…