Trading was again confined to rather tight ranges today. US yields created some breathing space end last week compared to important support levels (4.7% area US 2-y yield, 4.3/37% area 10-y yield), but for now follow-through gains look rather difficult
Fed Speak Cemented Higher-for-Longer Case Last Week actionforex.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from actionforex.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Asian stocks fell the most in about two weeks after Federal Reserve officials pushed back against bets of aggressive interest rate cuts next year.Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyChina’s iPhone Ban Accelerates Across Government and State FirmsDimon’s Heir at JPMorgan Still Hazy as ‘Five More Years’ Tick ByA-Rod’s Slam SPAC Is Said to Plan Merger With Lynk GlobalTo Trade the Fed’s Pivot, Wall Street Turns to Short-Dated DebtThe MSCI Asia Pa
Investors will see if stocks maintain their newfound momentum over the coming week as major retailers like Walmart and Home Depot report earnings and housing