SPAC trading pops deflate as ‘exuberance and greed’ depart

© Reuters. FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt (Refiles to add dropped word in final sentence) By Joshua Franklin and Krystal Hu (Reuters) – Wall Street’s appetite for new special purpose acquisition companies (SPACs) shows signs of […]

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Treasury yields at the highs for the day ahead of North American trading

10-year Treasury yields are up over 7 bps at 1.612% Invest in yourself. See our forex education hub. The market managed to catch some relief over the past few days as 10-year Treasury yields eased lower from 1.60% on Monday to a low of around 1.48% yesterday. But when sentiment turns, it sure turns rather […]

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Treasury yields stay on the retreat ahead of North American trading

10-year Treasury yields are down by nearly 7 bps to 1.521% Invest in yourself. See our forex education hub. The drop sees 10-year yields fall to their lowest since last Thursday, backing off from a test of 1.60% yesterday. The retreat in yields is keeping risk assets more buoyed with European indices holding modest gains […]

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Major indices have another wild ride in trading today

Major indices close near highs for the day It was another wild day in the equity complex.   The major indices are all closing higher and near their session highs after earlier falls were erased. Dow posted the best weekly performance in four weeks NASDAQ sees its second straight weekly loss Dow S&P and NASDAQ snap three day losing streak […]

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Dollar creeps a little higher ahead of North American trading

EUR/USD eases to session lows of 1.2067 It has been a relatively choppy session for major currencies as the dollar rocks back and forth on the session with little firm direction really. EUR/USD touched 1.2100 early on before retreating to 1.2080 and then caught a bounce on the ECB report earlier as the dollar also […]

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The jitters are returning ahead of North American trading

US futures turn lower, dollar stays more bid as commodity currencies sink S&P 500 futures have turned lower, down by 0.5%, while Nasdaq futures have also pared its earlier advance (following a turnaround) to be down 0.7%.Invest in yourself. See our forex education hub. The jitters are still evident in the market as we await […]

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Franc meltdown continues as risk tones keep calmer in European trading

EUR/CHF climbs to 1.1050 levels, nearing the October 2019 highs The franc is the biggest loser on the week so far in the major currencies space and that owes somewhat to a breakout in EUR/CHF as the pair climbs to its highest levels since October 2019 today, nearing resistance at around 1.1059.Invest in yourself. See […]

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Dollar lower, focus stays on yields ahead of North American trading

Dollar pares earlier gains to sit lower on the day again The greenback has given up its earlier advance, with EUR/USD moving up to 1.2144 and nearing a test of daily resistance closer to 1.2150 currently. Elsewhere, commodity currencies have also pared their drop a few hours ago with AUD/USD turning back up to 0.7887 […]

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