Good Morning,

- German Bund yields hit 1,00% for the first time since September 2014.

- The yen surged to a two-week high against the dollar on Wednesday after the head of the Bank of Japan said the currency was unlikely to fall further because it was already "very weak", prompting investors to trim huge bets against it. Analysts said the comments from Kuroda may slow further declines in the yen and suggested Japan may have started the long process of preparing the market for a time when its economy will need less monetary stimulus.

- "If the Bank of Japan does not feel the yen should weaken further, that should reduce expectations for policy easing," said currency strategist Brian Daingerfield at RBS Securities. But an official answer about Kuroda's comments came from mr. Amari who stated that "Kuroda's comments might be distorted from what he meant".

- The Standard & Poor’s 500 Index this year is trading in the smallest range since at least 1995, with the 2015 low only 6.5 percent below its year-to-date high. The same is true for individual companies in the benchmark gauge. Stocks in the S&P 500 have moved in an average range of 18 percent from highs to lows, also the narrowest in two decades. The S&P 500 has climbed just 1 percent in 2015 after double-digit surges in each of the last three years. Investor sentiment has also been dictated by corporate earnings and global headlines, according to JC O’Hara of FBN Securities Inc.

- German Bund yields hit 1,00% for the first time since September 2014, as investors digest a generally stronger tone in European economic data. A perception that inflation is likely to pick up in the months ahead has prompted market participants to reassess their outlook for ultra-low government bond yields in Europe. The benchmark 10-year Bund yield , which moves in the opposite direction to the price, pushed above the 1 percent mark in early European trade and last stood at 1.015%.

- Wall Street got a breath of fresh air today, as the Dow Jones Industrial Average (DJIA) ended its losing streak in dramatic fashion. The blue-chip index exploded for a triple-digit win and took back 18,000, albeit barely, mainly thanks to promising developments from overseas and a rally in tech, financial, and energy stocks. In fact, all 30 Dow components

- Crude oil prices are on fire after several key moves: bullish data from the American Petroleum Institute (API), talk of more stimulus in China and hopes for a Greece bailout deal. The API reported a massive 6.7 million barrel oil draw raising questions about pace of U.S. shale oil output as U.S. oil rigs continue to drop and oil demand seems to be rising.

- New Zealand's RBNZ reduced the official rate to 3,25% and says that futher easing may be appropriate. RBNZ says that NZD remains overvalued and further significant adjustment justified. NZD/USD falls at a new 12 months low after the announcement.

- S&P lowers Greece's credit rating to CCC from CCC+. S&P comments that Greece's outlook is negative given the risk of a further worsening of liquidity for the sovereign, it's banks and the economy. S&P expects that Greece will default on its debt in the next 12 months.

Have a nice Day !

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD: A tough barrier remains around 0.6800

AUD/USD: A tough barrier remains around 0.6800

AUD/USD failed to maintain the earlier surpass of the 0.6800 barrier, eventually succumbing to the late rebound in the Greenback following the Fed’s decision to lower its interest rates by 50 bps.

AUD/USD News
NZD/USD advances to near 0.6200 due to risk-on mood, Fed interest rate decision awaited

NZD/USD advances to near 0.6200 due to risk-on mood, Fed interest rate decision awaited

The NZD/USD pair edges lower to near 0.6200 during the early Asian session on Thursday. The recent GDP data revealed that New Zealand's economy shrank again in the second quarter, suggesting the depths of its economic malaise.

NZD/USD News
Gold surrenders gains and drops to weekly lows near $2,550

Gold surrenders gains and drops to weekly lows near $2,550

Gold prices reverses the initial uptick to record highs around the $$2,600 per ounce troy, coming under renewed downside pressure and revisiting the $2,550 zone amidst the late recovery in the US Dollar.

Gold News
Australian Unemployment Rate expected to hold steady at 4.2% in August

Australian Unemployment Rate expected to hold steady at 4.2% in August

The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.

Read more
Ethereum could rally to $2,817 following Fed's 50 bps rate cut

Ethereum could rally to $2,817 following Fed's 50 bps rate cut

Ethereum (ETH) is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's (Fed) decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds (ETF) recorded $15.1 million in outflows.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures