Sterling and UK gilt prices tumble, pushing 10-year yield to 17-year highs. British government bond prices fell sharply for a second day, pushing 10-year yields to their highest since August 2008, while 30-year yields hit a new 26-year high in a move that will add pressure to government finances, while pound dropped over 1%.
The Bitcoin-Dollar pair dove 5.4% in the last session. The MACD is giving a positive signal.
Support: 88596 | Resistance: 107136
Oil prices settled higher, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand. Traders were looking to the Chinese stimulus plans to drive growth as supplies are tight following the Christmas and New Year’s holidays.
The Oil-Dollar pair exploded 1.0% in the last session. The MACD is giving a positive signal.
Support: 71.66 | Resistance: 75.65
The dollar strengthened as U.S. economic data showing a generally stable jobs market and a still robust services sector suggested that the Federal Reserve will likely slow the pace of its current rate-cutting cycle. The greenback rose to a near six-month peak against the yen.
The Dollar-Yen pair made a minor upwards correction in the last session, gaining 0.1%. The MACD is giving a negative signal.
Support: 156.27 | Resistance: 159.43
U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates.
The euro zone economy ended 2024 in a fragile state, according a survey which showed overall activity contracted for a second straight month in December as a modest recovery in the services industry failed to offset a deeper downturn in manufacturing.
The Canadian dollar rose to a near three-week high against its U.S. counterpart, as investors weighed the potential for Canada’s economy to escape broad-based U.S. tariffs and a report that Canadian Prime Minister Justin Trudeau would resign.
