Posts Tagged ‘janet yellen’

US 10-Year Note Pulls Back on Jobs Data; Head and Shoulders in View

by Christopher Lemieuxon July 3, 2014 2:50 pm BST
US treasuries sell-off after data from the Labor Department show that 288,000 jobs were added in June, well above the 215,000 increase forecasted by analysts. The US 10-year treasury note yield increased to two-month highs, as the unemployment rate hits a six-year low of 6.1 percent. Traders dumped safe haven assets and double-downed on risk […]

EURUSD Weakens Intraday on Data, Central Banker Speeches

by Christopher Lemieuxon July 2, 2014 2:03 pm BST
The euro-dollar is weakening intraday amid the ADP non-farm payrolls report, suggesting that the United States added 280,000 jobs in May. The dollar reacted positively to the data, bouncing off of multi-session lows. The euro was consolidating after the final gross domestic report shows that the eurozone’s growth continues to be anemic, growing only .2 […]

Gold Remains Elevated After Fed’s Dovish Stance

by Christopher Lemieuxon June 18, 2014 9:26 pm BST
Gold prices remain in positive territory after the Federal Reserve decided the US economy was strong enough to continued the reduction in monthly asset purchases to $35 billion, but the FOMC minutes statement relayed a continued dovishness as the central bank has decided to keep the short-term interest rates near zero. The decision to keep […]

EURUSD Price Action Hits Supply Zone Amid FOMC Outlook

by Christopher Lemieuxon June 18, 2014 9:15 pm BST
The dollar weakened after the Federal Reserve reduced their outlook on growth in their FOMC minutes, while holding their short-term interest rates near zero. The Fed decided the economic was strong enough to continue their reduction in asset purchases from $45 billion per month to $35 billion per month, yet, with a balance sheet of […]