The nation’s bonds fell on Monday, widening the yield spread over Germany to the highest since February. Meanwhile the CAC 40 index of stocks dropped and a gauge of two-week euro volatility that now covers the first round of voting, surged.
As the monetary authorities were meeting in Abuja on Monday to review the impact of policies in an effort to stabilise the market and strengthen the value of the national currency, the Central Bank of Nigeria, CBN, for the umpteenth time injected a total of $180 million into the foreign exchange market.
The dollar rebounded mildly in Asia on Friday and the Aussie gained after housing figures with events on the Korean Peninsula grabbing attention as the fate of the president of South Korea against a background of scandal with top chaebol Samsung (KS:005930) Group and tension with North Korea with U.S. jobs data later int he day to take center stage.
We know the popular bitcoin has come up through lot of struggles! And from the invention till to the date it remain the temper and never allowed any other cryptocurrencies to acquire its place. Instead of that it keeps to climb above and in the end it aggressively beats the gold price during the start of this week.
Markets continue to back the greenback with a continuation of positive data come from the US economy. The ADP report was adding 298,000 new jobs during February and this drove demand for the dollar as investors are expecting a strong Nonfarm Payroll report this Friday. US 10yr treasury yields rose from 2.51% to 2.58% and to a three-month high while markets fully price in a rate hike from the Fed next week. At the same time, oil was on its knees and crashing almost $3.00 in WTI and below $50.00bbl while commodities elsewhere also struggle in a dollar strong environment.
The beginning of the month warrants a review of the seasonal patterns that have influenced forex markets over the past several years. For March, as we did for all of 2016 and thus far in 2017, we have expanded our focus on the period of 1997 to 2016 in recognition of the evolving relationship between economic data, central banks, and financial markets.
The ads promoting foreign exchange trading have proved to be too irresistible for many Turks over the past several years. Tantalized by the prospect of “turning $1,000 into $1 million,” tens of thousands of greenhorns put all their money into leveraged transactions only to end up flat on their backs.