Currencies

Watch today’s US Open for insights on China’s property sector troubles and their impact on the stock market, key upcoming events and Nike’s incoming quarterly results

The US 10-year real yield continues to climb higher and is currently at 2.286%, largely due to the Federal Reserve’s narrative of “higher for longer.” This is adding headwinds to the risk market and driving money towards the safety of the dollar. This, in turn, is impacting on gold. The precious metal is moving inversely to the real yield. To this end, the correlation coefficient (bottom indicator) between gold and…

Inflation accelerated in August according to today’s data, but the pair remains downbeat, as USD strength persists in the aftermath of the Fed’s hawkish hold

Watch today’s US Open for insights on the BoJ continued dovish stance, the ECB-Fed differential, Amazon’s investment on AI firm Anthropic and more

The US 10-year real rate has supported FXCM’s USDOLLAR basket. As the real rate has moved up, so has the USDOLLAR. The correlation coefficient between the two is a robust 84%. This is not surprising. The higher real yield is likely to exert pressure on the risk side of the market, with the dollar benefitting as a safe-haven.

The pair extends its losses below critical tech levels this week, in the aftermath of the Fed’s hawkish hold and the dovish hike by its European counterpart in this month’s round of policy decisions

The pair sets fresh eleven-month highs today, after last week’s policy decisions by the two central banks, maintained the favorable monetary policy differential

The pair took a one-two punch this week, as both central banks paused their rate hiking cycles, but the Fed offered a clearer and more hawkish outlook compared to its UK counterpart

Watch today’s US Open for insights on the rate holds by the US Fed and the Bank of England, as well as the upcoming policy decision by their Japanese counterpart

The Federal Reserve's policy committee decided to keep its interest-rate target unchanged yesterday and expressed confidence in the ongoing strength of the economy. They conveyed a hawkish message regarding the near and medium term.

The US Fed kept rates unchanged on Wednesday and sent the pair lower, just a week after its European counterpart had raised them, but indicated that it may have reached the peak