Currencies

Watch today’s US Open for insights on the latest US CPI report which showed persistence in inflation, Gold’s advance, the strong quarterly results by Delta Air Lines and more

There has been a dovish shift in recent Fed commentary, as officials worry about rising US bond yields, which has allowed the pair to rebound from its 2023 lows

Watch today’s US Open for insights on the Hamas-Israel conflict and its impact on oil prices, timid Fed speak that helps Wall Street, the new earnings season and more

The USDOLLAR is considered the current haven of choice. Given the conflict in the middle east, FXCM’s USDOLLAR basket is bid.

Recording of NFP Trade.

Watch today’s US Open for insights on the technical death cross of EUR/USD, speculation for intervention by Japanese authorities to support the Yen, the rate hold by the central bank of New Zealand and more

The Reserve Bank on New Zealand kept rates unchanged for second straight meeting today, in a decision that had a dovish tilt and the pair slides as a result

The pair breached 150.00 on Tuesday and set new 2023 highs after strong US jobs data, with the ensuing sharp fall causing speculation as to whether Japanese authorities stepped in

The pair dropped to new 2023 lows, after the Reserve Bank of Australia kept rates at 4.1% for fourth straight meeting on Tuesday, in the first decision under its new governor

The spread between the US 10-year bond and the Japanese 10-year bond continues to widen. This is the primary driver of the USDJPY currency pair. The correlation coefficient between the two is a remarkably robust 90%.

The US 10-year real yield remains elevated at the start of the week. This is putting pressure on the risk market and supporting the dollar as the current preferred haven. The question is how much higher can yields run?