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
NASDAQ Has Finished Consolidating. Now It Needs Permission From Goldilocks NFP
The NASDAQ Composite ended the second quarter with its strongest performance in six years, but the bigger story may be... Read more
Yen Breaks Away From Quiet Markets As Traders Race The Payroll Clock
The Japanese Yen remained the clear underperformer in otherwise subdued markets, with USD/JPY climbing to a fresh 40-y... Read more
Forget The Level. Watch The Timing: Intervention Risks Rise As USD/JPY Hits 40-Year High
USD/JPY has broken to a fresh 40-year high, and with it, the market may have abandoned the wrong debate. Traders have ... Read more
AUD/USD Falls Despite Hawkish RBA Minutes As Markets Doubt August Hike
The Australian Dollar barely reacted to the hawkish sets of RBA minutes. Instead, AUD/USD drifted lower in Asian tradi... Read more
Quarter-End Calm Masks High-Stakes Week For Fed, ECB, BoJ And RBA
Financial markets began the week on a subdued note, with quarter-end positioning and caution ahead of a packed economi... Read more
USD/JPY Enters High-Stakes Game Of Chicken Ahead Of Non-Farm Payrolls
USD/JPY is once again knocking on the door of Japan’s intervention zone, but this week’s battle is about far more ... Read more
Golds Rebound Lacks Conviction As NFP Report Could Reopen Fed Hike Debate
Gold has stopped falling, but it has not started recovering either. After slipping below the psychologically important... Read more
Markets Dial Back Aggressive Fed Bets, Dollar Refuses To Break
The dominant narrative this week was not that the Federal Reserve became less hawkish—it was that markets became les... Read more
EUR/CHF Bounces As Lower Eurozone Inflation Expectations Fail To Derail ECBs September Hike
EUR/CHF recovered after briefly dipping to 0.9196 as the latest ECB Consumer Expectations Survey offered modest encour... Read more