Home Tools Market Update – USD & Yields Dip from Highs & Stocks Recover

Market Update – USD & Yields Dip from Highs & Stocks Recover


The USD The price of gold has dropped from its recent highs, but is still at 104.75. Yields Cooled, but the 2/10 year Yield curve Continually inverted by 83 bp Yesterday’s 2-year yield was 5%. US Stocks Closed positive (DOW +1.05%) which has helped lift Asian markets (Nikkei +1.56%With a positive spin on it New economic targets for China These are expected to be announced on Sunday. Sentiment also got a lift from “Dovish” Fedspeak from Bostic Who prefers “slow & steady” 25 bp To limit the risk of recession, rate increases Overnight: NAB CEO: 3 More RBA Rate hikes are possible Kashkari & Waller Continued to push the Hawkish position. Japanese Unemployment The price was not set 2.4% CPI in Tokyo and Tokyo areas fell to 3.3% From 3.4%. The Chinese Services PMI was significantly higher than expected 55.00 From 52.9 Last time.

  • FXUSDIndex rallied to over 105.00 To 105.13, However, it has cooled to 104.70 now. EUR Over 1.0600, But it was rescinded yesterday 1.0575 Following a hot EZ CPI reading. JPY Breach 137.00 However, it has declined to 136.40 Flat for the week, now and tomorrow Sterling was a weak performer yesterday declining into Monday’s low at 1.1925 And remains below the key 1.2000 Trade at 1.1980 now.
  • Stocks – Yesterday saw a rally in the US stock markets (+0.73% to +1.05%). Movers – #SI…

Continue reading…

Previous articleGold – A big week ahead
Next articleHKEX to Open a London Office in the First Half of 2023