Major European indices end the day with mixed results.

A good week for European equities as they benefit from flow of funds The major European indices are ending the week with mixed results.  The German Dax broke its four day streak that also saw new all time highs being made.   The provisional closes are showing: German DAX, -0.5% France’s CAC, +0.2% UK’s FTSE 100, +0.4% Spain’s Ibex, +0.45%… Continue reading Major European indices end the day with mixed results.

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Improved mood after US sentiment data highlights what will be an ongoing trend

Grind higher in yields can’t derail the market First, I believe there are two markets. Tech is on its own and i don’t think that yields matter that much to tech, SPACs and other pandemic trades. They’re a sentiment-driven rollercoaster. There’s somewhat of a feedback loop with yields but it’s overstated. In the broader market,… Continue reading Improved mood after US sentiment data highlights what will be an ongoing trend

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EUR/USD Well Supported as Global Central Banks Meet

Fundamental Euro Forecast: Neutral EUR/USD, Eurozone bond yields and European stock indexes were all largely unaffected by last week’s meeting of the European Central Bank’s Governing Council. The only comment of note was that the ECB expects purchases under its Pandemic Emergency Purchase Program over the next quarter to be conducted at a significantly higher… Continue reading EUR/USD Well Supported as Global Central Banks Meet

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US 10-year yields rise above the cycle high

1.625% in 10s It’s blue sky ahead of US 10-year yields rise to the highest since the pandemic. The high in February of last year (when the bond market had sniffed out the pandemic but stocks and the Fed were oblivious) was 1.682%. Invest in yourself. See our forex education hub. Source link

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USD/CAD shrugs off risk trade as Canadian yields go on their own run

Canadian 5-year yields break 1% USD/CAD is below 1.25 as the market continues to digest the strong February jobs report and the likelihood of BOC rate hikes. The great debate of next year will be which central bank hikes first and the top two contenders are the BOC and Fed. The Canadian central bank has… Continue reading USD/CAD shrugs off risk trade as Canadian yields go on their own run

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NZDUSD off session lows

The NZD is the weakest of the majors today, but is off session lows The NZDUSD is the weakest of the majors today, but is rebounding off the session lows. The move back to the upside has taken the price back above its 100 hour moving average at 0.7175.  The listed below that moving average earlier in… Continue reading NZDUSD off session lows

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