News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here: https://t.co/qV3c7a4YR3 https://t.co/ownmpdUkvg
  • Optimism about post-Covid recovery drove capital from tech and into cyclical sectors, boosting the Dow Jones and pulling down the Nasdaq 100. Inflation expectations hit a multi-year high. Will this trend be sustained? Market update from @margaretyjy here: https://t.co/g8XqIhX860 https://t.co/6mJifUKgYl
  • 8 out of 9 Dow Jones sectors ended lower, with 76.7% of the index’s constituents closing in the red. Industrials (+1.15%), communication services (+1.03) and financials (+0.93%) were among the best performers, while consumer staples (-0.21%) trailed behind. https://t.co/RXnemidUKk
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUuBpt https://t.co/4z74mA8b9Q
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30AM EST (12:30 GMT) on DailyFX!! https://t.co/lxd5fZnn4H
  • The US Dollar plummeted on the heels of NFP with an outside-weekly reversal risking further May losses. Here are the levels that matter on the $DXY charts. Get your market update from @MBForex here: https://t.co/62p4Gd5E2c https://t.co/S6FwI8x3uK
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/ttuTdWFDD5
  • Long $USDCNH was one of my favorite setups for the 2nd quarter btw. I maintain, I like the fundamentals; but the greenback's recent battering needs to relent before this can perform
  • The Dollar's tumble this past week was an abrupt one. We'll see if inflation pressures trigger a shift in risk and rate expectations in the US which could turn the USD's bearings. Meanwhile, a pair I haven't highlighted ... https://t.co/yXl1aoOlIy https://t.co/TWV7tqv2y8
  • $DOGEUSD's daily range post Elon SNL spot is 0.2900. That may not sound like a lot but the current spot rate is ~ 0.5600. The lower wick (reversal from Sunday's low) is a 35% recovery from the low. A speculator's market, not an investor's. https://t.co/hAjg8YO7xA
German Bond Yields Surge to 18-Month High After FOMC, ECB Minutes

German Bond Yields Surge to 18-Month High After FOMC, ECB Minutes

Daniel Dubrovsky, Strategist

Talking Points:

  • US, German, UK and Japan 10-year government bond yields climbed Thursday
  • German 10-year bunds were the most aggressive with yields touching 18-month highs
  • Stocks also declined as the markets continued digesting FOMC and ECB minutes

Do you have Dollar or ‘risk’ exposure that can be influenced by the upcoming NFPs release? Join the DailyFX round table coverage webinar for the event and get instant analysis on its market impact!

US, German, UK and Japan government bond yields rose Thursday as investors weighed took stock of global monetary policy following FOMC and ECB minutes. German 10-year rates were the most aggressive climbing 19.66% to 0.56%, an 18-month high. In addition, the move to the upside broke a range which the bund had oscillated within throughout the year.

Among the other significant movements in the sovereign bond market was the US 10-year yields rising 0.68% to 2.38% - approximately a 2-month high. Identical maturity UK yields ascended 4.4% to 5-month highs reaching 1.31%. In Japan, the JGB rate climbed 13.04% to hit 0.10%, also a 5-month high.

The advance in major bond yields occurred simultaneously, starting around 9:00 GMT after a French 30-year government bond auction. There, the bid-to-cover ratio dropped to 1.53 from 1.93 as the weighted average yield rose to 1.87% from 1.76% indicating waning demand.

A little later in the day, the European Central Bank released the minutes from its June monetary policy statement. The text of the document revealed that policymakers considereddropping their pledgeto expand or extend the bond-buying program if necessary. That presents the possible early sign of a significant change in the dynamic of global monetary policy that has escalated to extreme accommodation over the past decade.

Just the day before, the Fed released the minutes from their June interest rate decision. There, members were divided on the timing of shrinking the balance sheet. But, the overall consensus was that the FOMC wanted to begin said processsometime this year.

Deviating from the traditional correlation, stocks took a hit as the markets continued digesting relatively hawkish monetary policy tones. Euro Stoxx 50 closed the day 0.47% lower, FTSE 100 also fell 0.41% and the DAX was down 0.58%.

Looking ahead, there are a couple of major event risk on the docket that may fuel or cool recent action in global bonds. Over the next two days, there will be the 2017 G20 summit in Hamburg where global leaders will discuss critical themes such as economic growth, international trade and financial market regulation. Also Friday, traders will have their eyes onJune’s US employment report.

German Bond Yields Surge to 18-Month High After FOMC, ECB MinutesGerman Bond Yields Surge to 18-Month High After FOMC, ECB MinutesGerman Bond Yields Surge to 18-Month High After FOMC, ECB MinutesGerman Bond Yields Surge to 18-Month High After FOMC, ECB Minutes

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES