NEW YORK, June 5 - The dollar on Friday posted its largest one-day gain against a basket of currencies in more than five months after data showed the United ...
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FOREX-Dollar gains, cheered by US jobs report
Source: news.alibaba.com
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Reflation deflation
The crowed reflation trade is coming a cropper with forced liquidation the theme of the morning. EUR/USD stops have been triggered below 1.40 and barriers have given way at 1.60 in cable. Same story in commodities, equities and bonds today with big reversals seen across the board as the first move...
Treasury yields lower ahead of auction
Despite a 30-year Treasury auction (results due at the top of the hour), US yields are slightly lower on the day. 10-year notes, the market benchmark, are yielding 3.93%, down from 4.00% after upbeat retail sales and jobless claims reports. Usually rates rise ahead of auctions as primary dealers...
No surprises in RBA minutes
The market is digesting the minutes from the last RBA meeting but, based on the headlines, there have been no real surprises. AUD/USD is steady at...
EUR/GBP keeps marching on
EUR/GBP initially stopped at technical resistance around .8935 but even that was not enough to stop the upward momentum. EUR/USD is where we left it yesterday but cable is 100 pips lower, again. There has been talk of good sized bids at 1.6410-20 in the cable but I suspect that there will be a lot...
National Bank of Georgia Reduces Rate 25bps to 7.00%
The National Bank of Georgia reduced its benchmark refinancing interest rate by 25 basis points to 7.00% from 7.25%....