Increased
inquiry for BTC

 

Yesterday,
the first cryptocurrency was in demand during the Asian and American sessions. The
current values of BTC are consolidating in the area of 2-month extremes. In
contrast to the previous test of these lev

Headlines:The bond selloff resumesUK March flash services PMI 61.0 vs 58.0 expectedEurozone March flash services PMI 54.8 vs 54.2 expectedGermany March flash manufacturing PMI 57.6 vs 55.8 expectedFrance March flash services PMI 57.4 vs 55.0 expectedSNB leaves policy rate unchanged at -0.75%, as exp

Well, not that it means anything. But this is still all part of the show as both sides are just waiting for some kind of formal development or concession. The latter is unlikely to materialise so that is where we are at, pretty much a stalemate of sorts.To be fair, the wording in the headline is mea

Prior 14Retail sales growth is seen slowing down as inflation starts to bite, with CBI noting that retail sales is seen as poor for the time of the year at -23% in March as compared to the +16% in February. The details of the report underscore that the cost-of-living crisis is looming large across t

After a bit of a breather yesterday, the selloff in bonds is continuing today as we see yields jump higher in European trading.
10-year Treasury yields are now up 5.6 bps to 2.377% and that is close to erasing the drop in yields from yesterday. The latest peak was at 2.417% so that will be

Given the ongoing war
scenario in Ukraine, the COVID-19 Omicron Variant resurgence, and inflation
seemingly going rampant, a Gold
ETF
might be an elegant solution going forward.

 

In fact, as the
Russia-Ukraine conflict continues, the race to bearer assets seems to be lit.

 

Many traders out t

The drop comes as sellers defend the 100-hour moving average (red line) over the past few sessions, with the latest shove lower taking out both the 200-hour moving average (blue line) and the 1.1000 level.That puts the near-term control more in favour of sellers, though there is some near-term su

This isn’t anything new. The only real big step that the EU can go from here is to cast aside Russian oil and gas but that is just something that they will not be willing to do. Carry on as you will.

Prior -1.2% Market index 456.2 vs 496.5 prior Purchase index 265.4 vs 269.5 prior Refinancing index 1,522.7 vs 1,778.3 prior 30-year mortgage rate 4.50% vs 4.27% prior That’s a big drop in mortgage applications with the drag largely coming from refinancing activity, though pur

European indices are now down around 0.3% across the board while US futures are also down by a similar decline on the session, as we see more of a push and pull for the time being.The bond selloff is also taking a breather as yields drop a little in European morning trade. 10-year Treasury yields we