EUR/USD consolidates in 1.1400 area in thin US holiday trade as markets mull hawkish Fed bets By Frank_Macro EURUSD Fed
nditions across asset classes. EUR/USD is thus flat on the day in the 1.1400 area, as it consolidates above support in the 1.1380 area in the form of December/late-November highs and below last week’s near-1.1500 highs. Though the Fed has entered blackout ahead of the January 25-26 meeting next week, the debate over the outlook forpolicy in 2022 and beyond remains the hottest topic in the market right now.
US bond markets are closed but the implied yield on the US 10-year treasury note future went as highs as 1.86% in earlier trade, whilst data last Friday from the CFTC showed speculator’s net short bets on the US 10-year future had hit its highest since February 2020. If speculators are right and US yields do resume their march higher this week, this could provide some much-needed assistance for the US dollar, which got battered last week on an unwind of crowded long bets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: The White moderates MLK warned us aboutIn an open letter, initially scrawled in the margins of a newspaper, Dr. King addressed a group of fellow clergymen who claimed to support the Black freedom movement but criticized nonviolent civil disobedience as a tactic, writes Victor Ray.
Read more »
Smart guns finally arriving in U.S., seeking to shake up firearms marketPersonalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions.
Read more »
Tsunami advisory in effect for US West Coast after underwater volcano explodes in South PacificAn undersea volcano erupted near the island of Tonga, prompting a tsunami advisory for Hawaii, California, Oregon, Washington and Hawaii.
Read more »
U.S. Women’s Hockey Team Just Wants to Have Fun“We're going to be measured based on the color of our medal. But we will not be defined by that.” alex_prewitt catches up with the U.S. women’s hockey team and how they plan to defend their gold medal
Read more »
Hamse Warfa makes US history as 1st Somali American presidential appointeeThe White House announced this week that Hamse Warfa will join the Biden administration, making him the first Somali American presidential appointee in U.S. history.
Read more »
Hundreds of U.S.-bound migrants in caravan stuck at Guatemala borderHundreds of Hondurans and Nicaraguans on Saturday reached the Guatemalan border but were prevented from crossing by Guatemalan security forces, the first such U.S.-bound migrant caravan to be formed this year in Central America.
Read more »