Market Updates at a Glance
USDJPY Refreshing to Multi-Decade High. All eyes on US Bond Auction & CPI.
Market Updates at a Glance 07/6/22 (Tuesday)
☛USDJPY Refreshing to Multi-Decade High. All eyes on US Bond Auction & CPI.
➤U.S stocks were slightly higher on Monday helped by gains in Amazon and optimism of China relaxing Covid restrictions in Beijing and Shanghai.
Dow +0.05%, S&P + 0.31% & Nasdaq +0.40%.
➤The U.S. dollar index rose to 102.41 (+0.21%), up for the second day in a row after Friday's solid jobs report, which lowered hopes of a pause of aggressive tightening policy by the Fed.
The 10-year treasury yield jumped to 3-1/2-week highs, 3.04% on Monday as market participants prepared for new supply with the sale of $96billion debt in this week.
➤EUR edged lower against the greenback to 1.0695 (-0.22%) ahead of a European Central Bank (ECB) policy meeting later this week, while BofA called for 150bp hike through 2022. Yen remains the most sensitive to moves in bond yields with USDJPY soaring above 130 level and eyeing 2020 high 135, making JPY the G10 underperformer overnight.
➤Gold, the precious metal was under pressure at $1841 as the strong greenback & higher yields. Oil (Brent) dropped below $120 despite Saudi Arabia raising its July crude prices as market doubted that a higher output target for OPEC+ oil producers would ease tight supply.
➤Bitcoin continued to consolidate between $28,550-$31,300 for almost a month.
☛Like & follow so you won't miss any market updates ☟
https://lnkd.in/d38iHCkV
https://lnkd.in/enTgEqYB
#marketanalysis #forexanalysis #forexmarket #dxy #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury #tranglo #fintech #globalpayments #blockchain #BridgingBorders #hawkish #fed #usd #equity #equitymarkets
More articles on Market Updates at a Glance
Markets Fueled by Risk-On Move after the CPI miss. Eyeing the PPI.
Created by ce83lim | Aug 11, 2022
U.S Stocks Fueled by Risk-On Move. Nasdaq in Best Gain since April 2020.
Created by ce83lim | Aug 01, 2022
USD Bounced, Stocks Dipped as the Weak Economic data Weighing on Sentiment. FOMC Eyed.
Created by ce83lim | Jul 27, 2022
Can USD Resume the Uptrend? Market Awaits Fed, GDP & Corporate Earnings
Created by ce83lim | Jul 26, 2022
Quiet Day as U.S. Holiday. Risk sentiment remained wobbly ahead of FOMC
Created by ce83lim | Jul 05, 2022
Fears of Hard landing remain the Market Theme. Investors Recoiled from Risky asset
Created by ce83lim | Jul 01, 2022
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
.png)
Apps
Top Articles
1
2
Koon Yew Yin's Blog
3
4
Koon Yew Yin's Blog
6
save malaysia!
7
Good Articles to Share
Boeing Embarrassed as ‘Stuck’ Astronauts to Return with SpaceX
8
Good Articles to Share
Telegram chief Pavel Durov to appear in court after French arrest
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
