AUD/USD Crushed Ahead of Jobs Report as US Dollar, Yields Surge
AUD/USD slumps towards 70c as surging US yields and a stronger dollar overshadow Australian jobs data and the RBA outlook.
Bond Yields
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Gold Analysis: Rising Yields and Dollar Strength Weigh on XAU/USD
The trading week continues, and for now gold remains under notable pressure in the short term. This can be seen in the performance of XAU/USD over the last three trading sessions, where the metal has declined by more than 2.00%, bringing a bearish bias back into focus after it had lost momentum in recent weeks.
EURUSD Forecast Euro Remains Under Pressure as Middle East Tensions Escalate
The week has not been particularly favorable for the euro. Over the last three trading sessions, EUR/USD has declined by nearly 0.5%, once again highlighting a meaningful bearish bias in the short term.
EURUSD Analysis Euro Loses Momentum Following the US PCE Release
Today's session has not been particularly favorable for the euro. Recent EUR/USD price action shows a decline of approximately 0.2% in favor of the U.S. dollar, a move largely driven by the release of the U.S. PCE inflation report and the recent recovery seen in the bond market.
MOVE index: How to measure bond market volatility
The MOVE index projects the yield spread between long and short-term bonds to give an idea of current market volatility. Read more for a MOVE index definition and strategies.
