Forex News

Tech stocks saw a modest recovery on Friday as long-term bond yields dropped sharply. The rest of the stock market remained under pressure, however. Focus next week will be on key US data releases, fiscal stimulus headlines and more remarks from Powell. US tech stocks saw a modest recovery on Friday, with the Nasdaq 100…

US bond yields fell sharply on the final trading day of the week. 10-year yields, having hit the mid-1.50s% on Thursday, dropped back to 1.40% on Friday. After surging all week, US bond yields are seeing a sharp retracement on Friday, as bond-buying ramped up into the close of US trade. The selling is most…

GBP/USD is stabilising around the 1.3950 mark as the week draws to a close. On the week, having been up over 1.6% at highs, GBP/USD looks set to finish the week down 0.3%. GBP/USD is stabilising around the 1.3950 mark as the week draws to a close, sharply below multi-year highs set back on Wednesday…