Posts Tagged ‘US Treasuries’

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 […]

Dollar-Yen Trades Through 102.50 Ahead of ADP Non-Farms Payrolls

by Christopher Lemieuxon June 4, 2014 4:32 am BST
The dollar-yen pushed above 102.50 ahead of the ADP non-farm payroll report tomorrow, as market participants are optimistic that the US economy is on the right path. The pair has seen a quick move upwards after reclaiming resistance at 102.11 on a sell-off of US treasuries, which has worked out well as a pair trade. […]

USDCAD Higher After Canadian GDP Inline with Forecasts

by Christopher Lemieuxon May 30, 2014 2:24 pm BST
The greenback gains against the Canadian dollar after data shows that Canada’s gross domestic product came inline with expectations at .1 percent, following the previous quarter’s .2 percent expansion. The poor showing was blamed on a harsh winter that hindered construction, business spending and exports. According to Statistics Canada, annualized gross domestic product was revised […]

USDCHF Rejected Off 200 EMA; US Dollar Consolidates After Poor GDP

by Christopher Lemieuxon May 30, 2014 12:06 pm BST
The USDCHF has rallied quickly after confirming a double-bottom support on May 8, and price action has pushed through medium-term downtrends through .8950. However, after making a two-month high, the US dollar has fallen and began to consolidate after gross domestic product indicated the first contraction for the United States in three years. Aside from […]