Crude Oil Gains Reprieve on US Dollar Pause as Yields Soar. Where to for WTI?
Crude oil steadied today as the US Dollar gave up some ground despite Treasury yields climbing amid market chaos across currencies and bonds. Will WTI find a base?
Crude oil steadied today as the US Dollar gave up some ground despite Treasury yields climbing amid market chaos across currencies and bonds. Will WTI find a base?
Developments in the Relative Strength Index (RSI) raises the scope for a near-term rebound in AUD/USD as the oscillator climbs out of oversold territory.
Major U.S. equity indices rallied as US Treasury yields and USD tumbled after the Bank of England announced an emergency plan to stabilize the bond market.
Gold prices rose on Wednesday, boosted by a weaker US dollar and, more importantly, falling bond yields after the Bank of England announced “quantitative easing” to stem the bond market rout.
Risk assets soar as traders increase bets on a pivot from the Federal Reserve.
The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm.
The Index is struggling as rising bond yields and the intensifying energy crises fuel recession worries.
The Bank of England blindsided the UK gilt market today by announcing a temporary bond-buying program (QE) designed to keep longer-dated bond yields in check.
Gold weakened after the Fed signaled its intention to keep rates higher for longer, bidding up the US dollar in the process. Pre-pandemic level within touching distance
USD/JPY looks to press higher as the BoJ maintains its loose monetary policy.