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Treasuries gave back ground after an early rally but still managed to extend the upward move seen over the two previous sessions. Bond prices moved roughly sideways in afternoon trading, hovering firmly in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposit

The Federal Reserve (Fed) decision yesterday was… interesting. As expected, the Fed kept its rates unchanged and said that they are not confident to cut the interest rates as inflation has started to show signs of heating up. Jerome Powell reassured that the Fed’s next move will unlikely be a rate h

Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a potential medium to long-term bea

The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly rev

The Australian Dollar loses ground after the release of the weaker AiG Industry Index on Wednesday. The Australian Industry Index indicated prevailing contractionary conditions for the past twenty-four months. Traders will monitor for any potential Japanese intervention, following recent reports sug

According to US Treasury Secretary Janet Yellen, inflation remains high but is assuring markets that data continues to point towards a recovery on US price growth and economic activity. Key highlights Yellen affirms it is "highly likely" that shelter inflation will fall in the next year. Still-high

USD/CAD could gain ground as technical analysis indicates a recovery of bullish sentiment. A break above 1.3800 could lead the pair to revisit its five-month high of 1.3846. A breach below the channel’s lower boundary around 1.3630 could weaken the bullish sentiment. USD/CAD consolidates within the

France's economic growth doubled in the first quarter on final domestic demand, first estimate from the statistical office INSEE showed on Tuesday. Gross domestic product posted a quarterly growth of 0.2 percent after rising 0.1 percent in the fourth quarter. The economy was forecast to expand again

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