Further remarks by BOE governor, Andrew Bailey
Schlagwort-Archiv: Forex
Oil turns to losses as early gains fizzle
WTI down 0.3% to $65.80 levels currently
From the peak earlier today, oil is down by more than $2 now as price hits a stumbling block as the dollar firms and as overall risk sentiment keeps softer in European trading.
From the peak earlier today, oil is down by more than $2 now as price hits a stumbling block as the dollar firms and as overall risk sentiment keeps softer in European trading.
US equities look set for another bumpy day later
Futures marked lower on the tech selloff
With 10-year Treasury yields also creeping above 1.60%, that will keep the market relatively nervous to kick start the trading week.
With 10-year Treasury yields also creeping above 1.60%, that will keep the market relatively nervous to kick start the trading week.
BOE’s Bailey: Negative rates contingency planning implies nothing about our intentions in that direction
Remarks by BOE governor, Andrew Bailey
– Toolkit decisions should not be interpreted about signal of future policy path
– Contingency planning for negative rates does not imply it is our chosen policy tool
The headline is pretty much the key takeaway from the latest set of remarks by Bailey, but this keeps with what we have heard
– Toolkit decisions should not be interpreted about signal of future policy path
– Contingency planning for negative rates does not imply it is our chosen policy tool
The headline is pretty much the key takeaway from the latest set of remarks by Bailey, but this keeps with what we have heard
US Senate passes $1.9 trillion stimulus bill
Huge spending bill passes 50-49
The US Senate passed Biden’s $1.9 trillion stimulus package with a number of amendments after a marathon session. The bill now heads back to the House where a vote will be held on Tuesday. It could be signed into law shortly afterwards.
The US Senate passed Biden’s $1.9 trillion stimulus package with a number of amendments after a marathon session. The bill now heads back to the House where a vote will be held on Tuesday. It could be signed into law shortly afterwards.
A Fed hike is fully priced in for December 2022
What does it mean?
The eurodollar curve has fully priced in an FOMC interest rate hike in December 2022.
That’s in stark contrast to Fed forecasts and messaging so one side has to be wrong. Normally that would be the Fed but maybe the rules of the game have changed.
The eurodollar curve has fully priced in an FOMC interest rate hike in December 2022.
That’s in stark contrast to Fed forecasts and messaging so one side has to be wrong. Normally that would be the Fed but maybe the rules of the game have changed.
ForexLive Americas FX wrap: Strong jobs report sparks a wild ride
Forex news for New York trade on March 5, 2021:
Markets:
– US 10-year yields down 4 bps to 1.55%
– Gold up $1 to $1698
– WTI crude up $2.44 to $66.27
– S&P 500 up 73 points to 3841
Non-farm payrolls delivered yet another whipsaw to short-term traders. It’s clear that the playbook going in was to sell risk,
Markets:
– US 10-year yields down 4 bps to 1.55%
– Gold up $1 to $1698
– WTI crude up $2.44 to $66.27
– S&P 500 up 73 points to 3841
Non-farm payrolls delivered yet another whipsaw to short-term traders. It’s clear that the playbook going in was to sell risk,
Major indices have another wild ride in trading today
Major indices close near highs for the day
The major indices are all closing higher and near their session highs after earlier falls were erased.
The major indices are all closing higher and near their session highs after earlier falls were erased.
CFTC Commitments of Traders: EUR long position trimmed. GBP longs is the largest since April 2018
Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 2, 2021
Highlights:
Highlights:
Fed’s Bostic: Monetary stance is appropriate
Comments from the Atlanta Fed President:
There’s no hint of doing anything differently.
There’s no hint of doing anything differently.