Fed Gov Waller’s comments support yields; 10-yr breaks out of continuation pattern
The US 10-year Treasury note has broken out of a falling wedge pattern following hawkish comments by Fed Governor Waller.
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The US 10-year Treasury note has broken out of a falling wedge pattern following hawkish comments by Fed Governor Waller.
Oil prices get a boost from the demand and potentially the supply side, if the EU can ratify an embargo on Russian oil.
Oil prices are moving again, with both USOil and UKOil charting a higher trough followed by a higher peak on their respective weekly charts. I.e. the longer-term has reaffirmed its uptrend.
Consumption makes up around 70% of the US GDP. However, all is not well with the US consumer.
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
Gold finds support in US session after some calendar releases disappoint.
Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week
Large retailers' margin squeeze due to supply shocks. Ominous inflation spiral signs need to be controlled
The pair consolidates this week and trades with caution today, as markets digest Chair Powell’s Tuesday commentary and poor data form Japan
Retail numbers are strong, with previous revised up.
The US 10-year yield has paused, but underlying momentum has not dissipated.
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