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Gold steps back as US yields pick up
The US treasury yields are on the rebound again right now. That has seen the 2 Year note rise back above 4.86%, from an earlier low at 4.796%. That might not seem like a huge move to anyone, but I can assure you, it is enough to shift the Yen pricing dynamic, as just covered in the previous update. What it has also done is to send gold back down. Earlier gold rose to 1,993.45. It has just this minute dipped back underneath 1,985. There is absolutely no doubt all these moves are connected as the immediate price clearly shows. Gold is just now trading at 1,984.40
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
