In Asia, the news was upbeat, as China’s exports surged 155% in February compared with a year earlier. Much of the economy was shut down to fight the pandemic last year. On Monday, Asian shares rallied while the dollar held near three-month highs. This came after the U.S. Senate passage of a $1.9 trillion stimulus …
Asian Shares; Dollar Goes Up Over the U.S. Stimulus, Meanwhile Bonds Go Down Read More »
US Treasury yields dropped on Tuesday morning. The yield on the benchmark 10-year Treasury note decreased to 1.426%. The yield on the 30-year Treasury bond slipped to 2.206%. The 10-year Treasury yields kept falling back from last week’s highs. Today, investors will pay careful attention to securities and Exchange commission Cair nominee Gary Gensler’s and …
A week ago, the dollar drop caused gold and oil prices have reached inflection points. Jerome Powell, Federal Reserve chairman, is expected to make a speech. Besides, the Labor Department will release US jobs numbers for February. For oil prices, the meeting of OPEC and its allies this month is critical. As for gold, Powell’s speech hosted …
The gold price movement to be determined after Powell’s speech Read More »
The U.S. dollar rallied against most major currencies on Friday. A rise in U.S. bond yields overnight boosted that currency. Meanwhile, the British pound, the Australian dollar, and the New Zealand dollar, which soared during the past session, declined. Government bonds, including U.S. Treasuries, are currently in the limelight. Investors have moved more aggressively to the …
The U.S. dollar rebounded on Friday. What caused its rally? Read More »
The U.S. dollar was steady in early European trading on Tuesday. The currency fluctuated slightly, remaining primarily unchanged. However, it had tumbled down to a near six-week low during the previous session. Federal Reserve Chairman Jerome Powell was due to speak at his semi-annual testimony at Congress. While investors awaited his speech, they rallied the …
British Pound soared on Tuesday while Dollar remained steady Read More »
Commodities continued the positive trade from the previous session on Monday. Copper has been the highlight of the day. The metal’s prices hit the highest in more than nine years. Let’s have a look at the primary commodities and how they are behaving in today’s market. Crude oil is trading around $60 a barrel WTI …
Commodities started the day positively on Monday Read More »
The U.S. dollar declined versus some of the major currencies. This happened as new signs of weakness in the U.S. job market appeared. Tepid inflation numbers dented investor anticipations about the pace of economic rebound from the epidemic. However, currency moves were confined to narrow ranges due to holidays in Japan and China. Furthermore, BNY …
The U.S. dollar declined versus some of the major currencies Read More »
Asia Pacific stocks were mostly down, retreating from Thursday’s rally on Friday morning. Investors digested expectations on earnings and the increased U.S. fiscal spending promised by U.S. President Joe Biden. They were hoping these could spur economic recovery. By 9:52 PM ET (2:52 AM GMT) Japan’s Nikkei 225 fell 0.37%. Data released earlier showed that …
Asia Stocks Down on Earnings Expectations & Biden’s Promise Read More »
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