News
Important Only
GBP/JPY pulls back after hitting another fresh 16-year high, cracks 201.00
Forex Today: Markets’ attention gyrates around the BoJ, US data
Gold prices drop nearly 1% on Fed’s hawkish stance, strong US Dollar
Australian Dollar continues to struggle following Australian labor market results
Investing.comJun 13, 2024
US Treasury sells $22B 30Y bonds at lower-than-expected yield on stronger demand
Mexican Peso climbs as Banxico hints at readiness to intervene
Forex
GBP/JPY pulls back after hitting another fresh 16-year high, cracks 201.00
GBP/JPY tested into a fresh 16-year high above 201.00 on Thursday, tipping into 201.32 before falling back into the previous day’s range as Guppy traders jostle for position ahead of the Bank of Japan’s (BoJ) latest rate call and Monetary Policy Statement.Fxstreet
Jun 13, 2024
Economic Indicator
Forex Today: Markets’ attention gyrates around the BoJ, US data
The US Dollar managed to regain balance and reverse the post-CPI pullback on Thursday along with investors’ assessment of a potential one interest rate cut by the Fed at some point by year-end and declining US yields across the curve.Fxstreet
Jun 13, 2024
Stocks
US Treasury sells $22B 30Y bonds at lower-than-expected yield on stronger demand
Investing.com -- The U.S. government sold $22 billion of 30-year notes on Thursday at a lower-than-expected yield, driven by stronger demand. The notes were awarded at 4.403%, below the pre-sale, or wInvesting.com
Jun 13, 2024
Indices
Dow Jones Industrial Average declines further on extended drop in producer inflation
The Dow Jones Industrial Average (DJIA) tumbled another 150-plus points on Thursday after US data hinted at a further contraction of the overall economy, briefly sparking risk-off bids into the US Dollar (USD) and forcing Treasury yields lower alongside equity indexes.Fxstreet
Jun 13, 2024
Economic Indicator
Banxico Governor assures market stability amid Mexican Peso volatility
Bank of Mexico (Banxico) Governor Victoria Rodriguez Ceja commented on Wednesday that the central bank has the tools to intervene in the markets and restore market order after the Mexican Peso depreciated more than 9% following the June 2 election.Fxstreet
Jun 13, 2024
Economic Indicator
BoC's Kozicki: BoC to end quantitative tightening in 2025
Bank of Canada (BoC) Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.Fxstreet
Jun 13, 2024
