Real Yield Supports USDOLLAR, Hurts Gold and Risk Indexes (Video)
Real yields have an effect on the USDOLLAR, Gold and Risk Indexes.
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Real yields have an effect on the USDOLLAR, Gold and Risk Indexes.
China unexpectedly cut the medium-term lending facility (MLF) by 15bps to 2.5%. This is the biggest cut since 2020. This action is to provide support to an economy that is currently grappling with renewed challenges stemming from a deteriorating property market and sluggish consumer expenditure.
Watch today’s US Open for insights on the CPI inflation update form the US, China’s deflation, Disney’s stock outlook after the mixed quarterly results and more
Consumer inflation fell to negative territory in July, for the first time in more than two years, aggravating fears over the recovery of the world’s second largest economy
Watch today’s US Open for insights on China’s poor trade data, Apple’s disappointing results, key upcoming releases and more
China revealed on Tuesday that its exports took a noticeable hit in July, dropping by 14.5% compared to last year. Imports also faced a significant decline of 12.4%, measured in U.S. dollars.
After the latest round of monetary policy decisions, uncertainty is prevalent, as most central banks have kept all options in play in regards to their next steps
Watch today’s US Open for insights on the rate hike by the Bank of England and the impact on GBP/USD, the US downgrade by Fitch that weighs on Wall Street and more
After its previous outsized move, the BoE opted for a smaller 0.25% hike today, but the 3-way vote split and the typically absent forward guidance, sustain the uncertainty around the outlook
Fitch Ratings downgraded the U.S. government's long-term foreign-currency default rating from AAA to AA+. This change reflects concerns about the expected fiscal deterioration over the next three years, the increasing government debt burden, and governance issues compared to countries with higher ratings. Fitch also mentioned the repeated debt limit standoffs and last-minute resolutions as contributing factors.
Watch today’s US Open for insights on the second straight pause by the central bank of Australia, the stealth YCC tweak by the bank of Japan, China’s poor PMI and more
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