Major US indices ended the day slightly underwater, as the US 10-year Treasury yields continue to head to its highest level in almost nine month.
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Major US indices ended the day slightly underwater, as the US 10-year Treasury yields continue to head to its highest level in almost nine month.
from DailyFX – Market News https://bit.ly/3Ymwx63
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The gold price stalled on trend line support today as markets take stock of a rising US Dollar and Treasury yields. The perceived ‘haven’ status is yet to emerge for XAU/USD.
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The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD and USD/JPY.
from DailyFX – Market News https://bit.ly/43ToSNV
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ISM services PMI data revealed higher prices but lower activity, new orders and employment figures. The services sector continues to expand but softer data is concerning
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Oil markets tentatively continue the move lower as markets digest the effect of the Fitch downgrade. An extended WTI pullback towards $82 may re-engage bullish interest
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