Analysis

Robust US Private Payrolls Lift Yields, Dollar; AUD, CAD Tumble

Robust US Private Payrolls Lift Yields, Dollar; AUD, CAD Tumble

Two-year US treasury bond yields soared above 5%, trading to their highest level since 2007 before easing to 4.98% (4.94% yesterday). The 10-year US yield closed at 4.03% (3.85%). Stronger than expected gains in US Private Payrolls, up at 497,000 against forecasts of 226,000 and a previous 267,000 boosted yields. US ISM Services PMI soared to 53.9 against forecasts at 51.3.
ACY Securities | 727 days ago
US labour data awaited after strong ADP report

US labour data awaited after strong ADP report

US job growth led to higher Treasury yields and lower Asian equities. The Federal Reserve may raise interest rates in July. Unemployment is predicted to drop to 3.6%. German industrial production fell, disappointing the Eurozone. US 10-year yield crossed 4% for the first time since March after strong ADP figures.
Moneta Markets | 728 days ago
Consolidation Ahead of US Jobs Data

Consolidation Ahead of US Jobs Data

During the 4th of July US vacation, the major currencies compared to the US dollar demonstrated a relatively predictable pattern of narrow trading ranges. Among the G10 currencies, the NZD performed the best.
ACY Securities | 728 days ago
Global risk-off tone prevails

Global risk-off tone prevails

Asian markets decline after US losses. Fed minutes support rate hikes. UK survey and PMI released. US labor report awaited. Eurozone retail sales expected to grow modestly. Treasury yields rise, GBP/USD stable, euro boosted by German data.
Moneta Markets | 729 days ago
Examining Geopolitical Risk for Markets

Examining Geopolitical Risk for Markets

From the ongoing economic transformations in China, the United States, and Europe to the unfolding protests in France, European dissatisfaction with NATO, and the inflationary impact of the global shift to clean energy, these factors demand careful analysis and consideration.
ACY Securities | 730 days ago
Fed minutes may provide clues on US rate outlook

Fed minutes may provide clues on US rate outlook

Asia-Pacific stocks fell due to a poor Caixin services PMI in China. Markets eye the possibility of a Federal Reserve rate hike, with 85% likelihood predicted for July 26. June's PMI services for the UK and Eurozone show slowing momentum. In the US, a decline in May's factory orders hints at manufacturing pressures, but green incentives reveal potential growth.
Moneta Markets | 730 days ago