NZDUSD Technical Evaluation – The dollar continues to dominate

Basic OverviewThe primary wrongdoer for the US Greenback power these days has been the rally in long run Treasury yields. The yield curve has been bear-flattening which is what you'll anticipate with increased progress and doubtlessly increased…

ForexLive European FX information wrap: German knowledge briefly excites euro; yields take a step again

Headlines:10-year Treasury yields keep in retreat after transient brush above four.30% yesterdayEuro pushes increased on German Q3 GDP beat, increased state inflation readingsGermany Q3 preliminary GDP +Zero.2% vs -Zero.1% q/q anticipatedBavaria…

Eurozone Q3 preliminary GDP +zero.four% vs +zero.2% q/q anticipated

Prior +zero.2%The beat right here is most welcome but it surely does not take away from the struggling outlook. Germany's manufacturing sector stays in recession and the enhance to France in Q3 is basically because of a one-off demand shot…

10-year Treasury yields keep in retreat after temporary brush above four.30% yesterday

There isn't any clear catalyst for the roughly 10 bps drop in yields from the highs yesterday. Maybe month-end rebalancing flows are at play right here? That is undoubtedly a consideration alongside the slew of US knowledge for the week,…

AUDUSD Technical Evaluation – The buck stays within the driving seat

Basic OverviewThe primary wrongdoer for the US Greenback energy these days has been the rally in long run Treasury yields. The yield curve has been bear-flattening which is what you'll anticipate with larger progress and doubtlessly larger…

US MBA mortgage purposes w.e. 25 October -Zero.1% vs -6.7% prior

Prior -6.7%Market index 214.5 vs 214.eight priorBuy index 137.eight vs 131.three priorRefinancing index 630.Zero vs 672.6 prior30-year mortgage fee 6.73% vs 6.52% priorAfter a pointy fall in mortgage purposes within the earlier two weeks,…

Eurozone October last client confidence -12.5 vs -12.5 prelim

Prior -12.9Financial confidence 95.6 vs 96.three anticipatedPrior 96.2; revised to 96.threeIndustrial confidence -13.zero vs -10.5 anticipatedPrior -10.9; revised to -11.zeroProviders confidence 7.1 vs 6.6 anticipatedPrior 6.7; revised to…

Nasdaq Technical Evaluation – The market is ready for the US election outcome

Basic OverviewThe Nasdaq has been largely consolidating across the latest highs though it managed to rise into a brand new excessive yesterday. The election uncertainty is holding a lid on the bullish momentum for now. In truth, the election…

SNB chairman Schlegel: Able to intervene in foreign money markets as needed

Swiss franc is a secure haven, it appreciates in instances of uncertaintySNB able to intervene in foreign money markets as neededAble to react to strain on the franc as properlyWith EUR/CHF holding nearer to the lows for the yr, it's telling…

Euro pushes greater on German Q3 GDP beat, greater state inflation readings

Trying on the near-term chart, consumers are beginning to exert extra management as they maintain the break above the 100 (pink line) and 200-hour (blue line) shifting averages. The excessive for the day clips 1.0859 and it comes after a…