Charts Today - 16 Mar 2018 - Markets generally directionless

  • Dollar and Euro mostly flat
  • Yen and sterling showing some short term strength
  • Bitcoin sitting at $8,000. US markets quiet last few sessions
  • Europe and Asia awaiting US direction
  • Crude oil up slightly, US Natgas lower
  • Gold and silver weaken short term and 10 year bond yields
  • US tech majors mixed.

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The Aussie Dollar recorded back-to-back positive days against the US Dollar and climbed more than 0.59% on Tuesday, as the US April S&P PMIs were weaker than expected. That spurred speculations that the Federal Reserve could put rate cuts back on the table. The AUD/USD trades at 0.6488 as Wednesday’s Asian session begins.

AUD/USD News

EUR/USD holds above 1.0700 on weaker US Dollar, upbeat Eurozone PMI

EUR/USD holds above 1.0700 on weaker US Dollar, upbeat Eurozone PMI

EUR/USD holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. The weaker-than-expected US PMI data for April drags the Greenback lower and creates a tailwind for the pair. 

EUR/USD News

Gold price cautious despite weaker US Dollar and falling US yields

Gold price cautious despite weaker US Dollar and falling US yields

Gold retreats modestly after failing to sustain gains despite fall in US Treasury yields, weaker US Dollar. XAU/USD struggles to capitalize following release of weaker-than-expected S&P Global PMIs, fueling speculation about potential Fed rate cuts.

Gold News

Ethereum ETF issuers not giving up fight, expert says as Grayscale files S3 prospectus

Ethereum ETF issuers not giving up fight, expert says as Grayscale files S3 prospectus

Ethereum exchange-traded funds theme gained steam after the landmark approval of multiple BTC ETFs in January. However, the campaign for approval of this investment alternative continues, with evidence of ongoing back and forth between prospective issuers and the US SEC.

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US versus the Eurozone: Inflation divergence causes monetary desynchronization

US versus the Eurozone: Inflation divergence causes monetary desynchronization

Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Fed might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.

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