Forex

Market wrap: disappoints over lack of fiscal policy from Trump's presser - Westpac

22:00 11 January /2017 Forex

Analysts at Westpac offered a market wrap.Key Quotes:"Global market sentiment: Trump’s eagerly awaited press conference disappointed a market wanting information about fiscal policy. The US dollar and US interest rates fell sharply in response, boosting the AUD and NZD.Interest rates: US 10yr treasury yields fell sharply after the Trump press conference, from 2.39% to 2.33%, while. 2yr yields fell from 1.20% to 1.15%. Fed funds futures shifted the next fully priced rate cut from June to July.Currencies:  The US dollar index is 0.5% lower, having risen in the leadup to the press conference and fallen sharply afterwards to a one-month low. EUR initially fell from 1.0550 to 1.0454 but then jumped to 1.0623 post-Trump. USD/JPY rose from 116.50 to 116.87 before falling to 114.26 – a one-month low. AUD rose from 0.7352 to 0.7472 post-Trump. Outperformer NZD similarly jumped from 0.6961 to 0.7088. AUD/NZD ranged sideways between 1.0530 and 1.0570."

to other news

all news
Market wrap: dollar makes broad gains in London/NY - Westpac Ross J Burland

Analysts at Westpac explained that the US dollar made broad gains in London/NY for a third straight day, up against all G10. Key Quotes:"News and data again weren't key.""AUD was weaker than most, dropping to 0.7600 for the first time since Dec 2017.""Today's calendar highlight is A

01:00 24 April /2018 Forex

Wall Street stocks mixed as higher bond yields weigh on stocks Flavio Tosti

The S&P 500 Index closed virtually unchanged at 2,670. The Dow Jones Industrial Average closed at 24,448 down 14 points less than 0.10% while the Nasdaq Composite Index closed the session down at 7,128 or 0.3% on Monday. Weak smartphone demand weighed on the technology sector. The main theme is

00:23 24 April /2018 Forex

A mixed start to the week: eye son US yields - ANZ Ross J Burland

Analysts at ANZ noted that it was a mixed session while US Treasury yields attempted a push higher, but then eased back again. Key Quotes:"This supported the USD, while equities and commodity prices fluctuated. The US 10-year y

22:46 23 April /2018 Forex