Silvers $90 Breakout Dream Fades, But Structural Deficit Keeps $70 Floor Alive
Silver has endured a violent reversal in the past two weeks, swinging from near $90 to the mid-$70s as geopolitical pa... Read more
Oil “Red Zone” Warning Caps Market Recovery As Iran Signals Stay Conflicting
Forex markets remained trapped within yesterday’s ranges as investors struggled to find fresh conviction amid confli... Read more
GBP/CHF Rebounds As UK Fiscal Worst-Case Fears Fade, Head-and-Shoulders Bottom Forming?
Sterling strengthened broadly on this week, but the rebound was driven less by optimism over the UK economy and more b... Read more
Aussie Rebound Runs Into Domestic Reality As Weak Jobs Lock In RBA June Hold
The Aussie tried to rally on improving global sentiment. Australia’s economy had other ideas. AUD/USD bounced earlie... Read more
Sentiment Stabilizes, But Treasury Yields Remain Near Dangerous Zone Ahead Of FOMC Minutes
Risk sentiment stabilized somewhat today as Brent crude eased back below $109 and US equity futures pointed to a modes... Read more
Bitcoin Wanted $80K To Be A Launchpad, It Becomes An Exit Door Instead
Bitcoin’s latest rally is starting to look less like the beginning of a new bull run and more like a distribution ph... Read more
10-Year Yield Eyes 4.75 After Violent Breakout, Opening Risk Toward 5%
This week, US 10-year Treasury yield has surged through its March-April range in a violent breakout that has pushed yi... Read more
Bond Market Faces Vicious Feedback Loop As Oil Shock Drives Treasury Liquidation
The sharp rise in US Treasury yields remains one of the dominant macro themes in global markets this week, with the 10... Read more
EUR/GBP: Weak UK Jobs Data Pushes BoE Toward Patience, But CPI Holds Key To Breakout
Sterling softened after the latest UK labor market data reinforced expectations that the Bank of England is likely to ... Read more
AUD/CAD Reverses Lower As China Slowdown, RBA Pause, And Oil Surge Shift Momentum To Loonie
Australian Dollar weakened broadly in the Asian session as renewed selloff in regional equities, disappointing Chinese... Read more
Markets Stabilize As Iran Proposal Reaches Washington Ahead Of Trump Security Meeting
Markets stopped panicking — for now. After opening the week with a sharp risk-off move driven by surging oil prices ... Read more
Oil And Yields Jump As Trumps Security Meeting To Decide Next Step On Iran
Markets are beginning the week with a familiar but dangerous message: oil higher, yields higher, Dollar higher. Brent ... Read more
Bond Yields Explode Globally As Markets Enter “Triple Higher” Regime Following Underwhelming Trump-Xi Summit
Global financial markets entered a far more dangerous macro phase last week as the underwhelming Trump-Xi summit faile... Read more
Dollar Surges As Markets Price Longer Hormuz Crisis And Persistent Inflation
Risk sentiment deteriorated sharply today as investors concluded that the Trump-Xi summit failed to deliver a credible... Read more
Markets Enter Warsh Fed Era With Higher Yields, Stronger Dollar, And No Hormuz Relief
The first trading day of Kevin Warsh’s tenure as Federal Reserve Chair is already being defined by rising Treasury y... Read more