Please note that you are entering the site for INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking Continue, you acknowledge the information below.
Protection you will lose
You will fall outside of the EU's regulatory regime - MiFID II.
You will therefore lose all protections afforded under EU regulation and law.
Under FSC Regulation, we will provide the following protections:
Best Execution - We’ll maintain our commitment to act honestly, fairly and in the best interests of all our clients in order to offer the best possible execution.
Balance Protection - We will continue to protect your account from a negative account balance.
Welcome to INFINOX Limited
You confirm that you wish to continue to open an account with INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking continue, you acknowledge that you will not receive the protections that you would normally be afforded under EU regulation.
CONTINUE
LEAVE WEBSITE
Welcome to INFINOX Limited
This website does not provide services to UK Clients.
LEAVE WEBSITE
Treasury Yields Retreat as US Announces Reduced Bond Issuance for Q4
US Treasury yields pulled back in response to the announcement of lower-than-expected bond issuance for the fourth quarter. This development sparked positive risk sentiment and led to a bid in bonds, resulting in a decrease in bond yields.
Treasury Yields Retreat as US Announces Reduced Bond Issuance for Q4: US Treasury yields pulled back in response to the announcement of lower-than-expected bond issuance for the fourth quarter. This development sparked positive risk sentiment and led to a bid in bonds, resulting in a decrease in bond yields.
Yen Weakens as Bank of Japan Adopts Policy Changes: The Japanese Yen experienced significant movement during Asian and early European trading today. This development follows the Bank of Japan’s policy decision to raise its Yield Curve Control (YCC) cap to 1.0%, even though they were already targeting this level. The market had anticipated this change due to a leaked article in Nikkei from yesterday, causing the JPY to decline.
DXY Nears Key Support Level as Yields Fall: The US Dollar Index (DXY) is approaching a critical support level at 106 as yields decline. The market is also closely monitoring the US Employment Cost Index, as it has the potential to impact the USD.
The EUR is leading the major currencies upward, primarily driven by a weaker US Dollar. Meanwhile, the JPY is the weakest among the majors due to the Bank of Japan’s policy adjustments following the leak of yesterday’s article.
The key highlight for the day is the US Employment Cost Index, which, despite not being a major event, has recently caused volatility. A notable event to trade today would be a substantial miss across the board. Such an outcome could lead to lower treasury yields and potentially force overextended USD bulls to reevaluate their positions. In terms of tradability, opportunities to explore in the event of soft US data may include upside potential in EURUSD and the possibility of gains in S&P or Nasdaq futures.
This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. INFINOX is not authorised to provide investment advice. No opinion given in the material constitutes a recommendation by INFINOX or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
Treasury Yields Retreat as US Announces Reduced Bond Issuance for Q4
US Treasury yields pulled back in response to the announcement of lower-than-expected bond issuance for the fourth quarter. This development sparked positive risk sentiment and led to a bid in bonds, resulting in a decrease in bond yields.
In the FX Market Today
The EUR is leading the major currencies upward, primarily driven by a weaker US Dollar. Meanwhile, the JPY is the weakest among the majors due to the Bank of Japan’s policy adjustments following the leak of yesterday’s article.
The key highlight for the day is the US Employment Cost Index, which, despite not being a major event, has recently caused volatility. A notable event to trade today would be a substantial miss across the board. Such an outcome could lead to lower treasury yields and potentially force overextended USD bulls to reevaluate their positions. In terms of tradability, opportunities to explore in the event of soft US data may include upside potential in EURUSD and the possibility of gains in S&P or Nasdaq futures.
This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. INFINOX is not authorised to provide investment advice. No opinion given in the material constitutes a recommendation by INFINOX or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
All trading carries risk.
Share this: