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The reason for the push higher in US yields is stemming from the growing belief that Trump is increasingly looking like he might regain the White House next month and that if seen is leading the markets to conclude his avowed policies will lead to a rise in inflation. That is the driving force behind the move higher in the dollar and not just versus the Yen, but it is the USD/JPY that is front and centre in the gains for the dollar again this morning. So, as already noted this morning, the USD/JPY has risen back above the 152 handle for the first time since July. The high seen so far today has been set at 152.27. The rise above 150.76 has meant the dollar has already corrected 50% of the slide from 161.95 to 139.58. The next corrective level in that regard is in place at 153.40 (61.8%). The fall in the Yen today comes even as the Nikkei 225 falls back. The USD/JPY closed in the US last night at 151.08. It is currently trading at 152.05
The price action across the major European stock markets has seen all three major indexes crumble even more. All of them are now deeper in the red and...
Yesterday the Nasdaq 100 closed at 20,227. The index has just this minutes officially reopened at 20,571 and that is a new record start for the index...
Earlier today the Dow Jones was priced to potentially reopen above 43,600. As noted earlier the record for the index before today stood at 43,325...
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