Skip to content


Forex news from the European trading session – October 28, 2021

Securities:

Markets:

  • JPY in the lead, CHF late on the day
  • European mixed equities; S&P 500 futures up 0.3%
  • US 10-year yields up 1.4bp to 1.543%
  • Gold up 0.1% to $ 1,798.50
  • WTI down 1.5% to $ 81.43
  • Bitcoin up 3.5% to $ 60,968

It was a relatively quiet session for FX as the action moved back to the bond market in European morning trading.

The yield curve on Treasuries flattened further, with 2-10 rates at their lowest since early August, with 2-year yields rising nearly 7bp to 0.56%, while 10-year yields only increase a little over 1bp to hit just over 1.54% on the day. .

This keeps the Yen a bit firmer as the USD / JPY hit the 113.50-60 levels during the session.

The dollar trades little change and is mixed elsewhere, with EUR / USD still hovering around the 1.1590-00 levels for the most part ahead of the ECB later.

USD / CAD was little changed and holds around 1.2355-70 as sellers still struggle to hold onto the sharp downward movement from the more bellicose BOC tilt yesterday.

Elsewhere, the AUD / USD is holding around the 0.7500-10 levels as price action is still caught somewhat above key near-term levels, but not above its 200-day moving average. at 0.7557.

In the equity space, US futures are seen higher after Wall St suffered a late setback yesterday, with tech stocks leading the charge again on that day. Nasdaq futures are up 0.5% as risk is still very much present in month-end trading.


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.