Kgji finviz forex

Is the dead cat bounce over? Given the pace of the move kgji finviz forex far, we had to take a break somewhere and we have reached that region now. The resultant surge in the yen, which climbed to the highest since November 2016 pushing the USDJPY as low as 107.

40, slammed the Nikkei after the midday break in Asia, with Trump comments on reciprocal tax yesterday also potentially having an influence on USD. Whatever the reason, Japanese stocks pared morning gains with Topix erasing 1. And with the USDJPY nearing the 2017 low of 107. 32, Nikkei futures sold off further after the cash close. The 10-year Treasury yield fell back to 2.

The general risk-off lifted core fixed income, U. German bonds were also back in demand as recent multi-year highs on yields on both sides of the Atlantic proved attractive for some investors. Germany’s 10-year yield fell by almost 2 basis points to 0. Hedge funds and other large speculators have boosted bets on Treasury futures to a record, indicating they expect the 2018 bond-market rout will resume in the days ahead. Materials stand out as an outperforming sector amid the US infrastructure plans released yesterday whilst metals are extending gains. FTSE 100 awaiting news from the Premier League TV rights. Elsewhere, China have voiced concerns over US protectionism over steel, whilst aluminium prices have been pressured by building stockpiles.

IEA have upgraded their forecast for global oil demand growth to 1. 4mln bpd in 2018 from 1. 3mln, however they say Non-OPEC supply, led by US, which is likely to grow more than demand in 2018. The People’s Bank of China appointed JPMorgan Chase Bank N. OPEC and its allies have almost achieved their goal of clearing an oil glut, but their efforts could be derailed by rising supplies from the U. They have “NO IDEA WHATS NEXT”.

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