EUR/USD fell below the 1.14 support level after Trump rejected an Iranian proposal and strong US PMIs boosted the dollar. The euro remained weak amid ECB rate…
Friday's US jobs report could determine whether Treasury yields climb higher or fall back, with wages and hiring data also in focus.
Upcoming week includes RBA rate decision, Canadian GDP, Australian CPI, US PCE and jobs data, and eurozone inflation figures.
Core inflation held near 3.3% as Trumpflation spread beyond fuel, posing risks to markets.
US diesel prices posted a record annual gain, echoing the 2008 gasoline spike and raising concerns about persistent inflation.
BlackRock CIO Rick Rieder cuts equities for high-grade bonds yielding 7-8%, preferring them over expected stock returns of 10-12%.
Falling oil could trigger a 5-10% stock rally, says strategist David Spika, as lower crude may ease inflation and bond yields.
This week's PCE, GDP, ISM, payrolls, and BOJ minutes will influence the Fed's next rate decision and move stocks and crypto.
Bessent urged the Fed to keep an open mind on rates, citing AI productivity gains, and said Iran oil deliveries to China may end in two weeks.
Apollo's Slok warns AI assistants could spark an 'agentic bank run' by automatically shifting deposits to higher-yield fintech accounts.
AUDUSD dipped under the 200-day MA for the first time in 11 months, reaching 0.7005, before rebounding above the average on dollar weakness.
New York Fed President John Williams warned that repeated supply shocks are complicating the fight to bring inflation back to 2%.
US 10-year Treasury yields above 5% now beat typical rental returns, with the spread at its widest since July 2007.
The 30-year mortgage rate rose to 7.45% as Treasury yields surged, putting pressure on Bitcoin and crypto markets.
10-year Treasury yields rose to 5.18%, with next resistance at 5.25-5.30%. If that level breaks, 6% could become a serious consideration.