Oil Tests A Return Of War Premium As Markets Await The Feds Hidden Debate
Markets were driven by two competing sources of uncertainty today as Brent crude surged toward the $80 mark while inve... Read more
Iran Strikes Give Oil Bears A Reason To Cover—Not A Reason To Panic
Fresh US airstrikes against Iranian targets finally gave oil bears a reason to blink. Brent crude rallied back above $... Read more
NZD/USD Recovers After RBNZ, But Higher Bar For Next Hike Caps Rally
The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. ... Read more
The Next Dollar Catalyst Is CPI. The Bigger Story Is Inside The Fed.
Financial markets spent much of today’s session waiting rather than reacting. Most major currency pairs traded comfo... Read more
Bitcoin Passed A Key Stress Test, Now Comes The Hard Part
Bitcoin may have delivered one of its most encouraging signals in weeks, but it was not the rebound itself that matter... Read more
GBP/CHF Nears Trend-Reversal Zone As Political Risk Fades And Sterling Shorts Unwind
Sterling’s rally has been about more than better sentiment toward the UK. It has been driven by the disappearance of... Read more
USD/JPY Bulls Return As Japans Intervention Window Closes
USD/JPY bulls are back. After last week’s intervention scare briefly knocked the pair lower, Yen selling returned to... Read more
Gold Finds Support At $4,000, But Only Softer Inflation Can Fuel The Next Rally
Gold found its footing above $4,000 after June’s disappointing US payrolls report triggered broad-based Dollar selli... Read more
NZD/USD Bears Await RBNZ Verdict After Relief Rally
Last week’s post-US NFP rebound has given NZD/USD some breathing room, but it has done little to convince traders th... Read more
Dollar Losing Dominance As FX Markets Shift To Multiple Themes
The Dollar’s decline paused on Friday as trading quietened ahead of the US Independence Day holiday, but the bigger ... Read more
Fed Hike Bets Retreat After Payrolls Miss, Yen Supported By Tokyos New Playbook
The June non farm payrolls report did not prove the US economy is breaking. It did something more important for market... Read more
USD/JPYs 150 Pips Fall: A Tactical “Intervention” Masterclass By Japan Ahead Of NFP
Japan may not have spent a dollar today, but it may have achieved one of the key goals of intervention anyway. USD/JPY... Read more
EUR/GBP Accelerates Through Key Support As ECB/BoE Yield Convergence Trade Reverses
EUR/GBP may have passed a turning point that extends well beyond this week’s inflation data. The sharp break below k... Read more
Euro Stumbles As Cooling Inflation Shifts Focus From ECB Hikes To Future Rate Cuts
The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the Europe... Read more
Why Feds Warsh Could Trigger Silvers Next Selloff Without Saying Much
Silver traders are focused on Thursday’s US Non-Farm Payrolls report, but the metal’s next major move could begin ... Read more