Diverging fortunes. | MarketTalk: What’s up today? | Swissquote
The first three sessions of the week haven’t been appetizing as the US political uncertainties, the ongoing geopolitical jitters in the Middle East, and the mounting expectation that Federal Reserve (Fed) would slow down the pace of monetary easing pushed investors to the sidelines.
Gold ran from record to record despite the rising US yields, and the broad-based USD appreciation. The EURUSD sold off to 1.0761 as the rate cut bets in the Eurozone remain strong on the back of inflation that seems under control and weak economic and corporate data. The USDJPY cleared the 150 resistance, pulled out the...