The USD is ending the day lower with the NZD and the AUD gaining the most on hopes for a China deal (NZD up 0.53% and the AUD is up 0.37%). The other pairs are within 0.20% of unchanged on the day (but with a lower USD vs each).
Yields in the US started the US session mostly higher, but moved into negative territory, helping to keep a lld on the greenback.
2-year yield 4.005%, -3.8 basis points.5 year yield 4.084%, -4.2 basis points10-year yield 4.448%, -3.2 basis points30-year yield 4.944%, -1.8 basis points.In the FX market, both EURUSD and GBPUSD saw two-way price action, briefly dipping below their 100-hour moving averages at 1.1413 and 1.3549, respectively. However, both pairs managed to close above those key technical levels, maintaining a near-term bullish tilt. Importantly, neither pair could extend losses below their 200-hour MAs, reinforcing the view that buyers remain in control on dips.
Crude oil is closing higher and above the midpoint since 2021 in a positive tilt technically. That midpoint level comes in at $64.71. The price settled at $65.29. It was the first close above that midpoint level since early April.
Bitcoin rose $2974 or 2.81% at $108,767. MicroStrategy raised $1B through a stock offering to fund future Bitcoin purchases. They solidify their position as being the worlds largest holder of Bitcoin by a corporation. Blackrocks Bitcoin ETF has hit $70B in assets setting a record for the fastest ETF to reach that level (it took 341 days).
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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