Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears

The Nasdaq is extending its slide and leading the broader stock market lower as bond yields turn sharply higher in response to red-hot inflation data and fears of an expedited Fed taper timeline.

from DailyFX – Market News https://bit.ly/3tBnmxK
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EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP

The recent rally in EUR/USD appears to have stalled ahead of the February high (1.2243) as the exchange rate snaps the series of higher highs and lows from last week.

from DailyFX – Market News https://bit.ly/3tBA0gl
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US Dollar Rockets Higher as Inflation Spikes to 4.2% in April

The US Dollar is ripping sharply higher in response to red-hot inflation data just crossing market wires. Headline and core CPI came in at 4.2% and 3.0%, which could up the ante for Fed taper talks.

from DailyFX – Market News https://bit.ly/3tHd3YX
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