Morning briefing: Euro is headed towards 1.1600
Softer US data releases last week have weighed on the Dollar Index, taking it lower. A break below 99.40, if seen, can drag it further towards 99 or lower in the…
Read More »CFTC Report: FX repositioning dominates as commodities diverge
The week in one sentence: speculators’ positioning turned more selective in the week to August 11. That said, Gold attracted the strongest inflow, while WTI and VIX recorded the largest…
Read More »investingLive Americas FX news wrap 14 Aug: Stocks finish mixed as yields rise and the dollar falls
Why Retail Traders Are Rethinking Traditional Prop Firms US stocks end the week mixed; Russell 2000 closes at a record Trump: Pretty soon will be declaring Strait of Hormuz territory…
Read More »Silver Price Forecast: XAG stalls as yields cap recovery
Silver price advanced by some 0.39% on Friday, capped by rising US yields, even though US data was softer than expected. XAG/USD trades at $64.70, after bouncing off daily lows…
Read More »The Dow Jones Industrial Average learns who paid for disinflation
Two cooling inflation readings carried the broad market to a record on Thursday, taking the S&P 500 through 7,800 for the first time, and Friday morning supplied the explanation for…
Read More »Japanese Yen: Shifting rate expectations and currency support – Commerzbank
Commerzbank’s Volkmar Baur notes that Japanese government support for an imminent Bank of Japan rate hike has reinforced market expectations rather than surprised them. Probabilities now favor a hike as…
Read More »The “What’d I miss catch up post”. Trump claims Hormuz, oil supported, CPI in line
The gap between Washington’s rhetoric and physical shipping data is the trade to watch. Trump’s repeated claims of “total control” over Hormuz have not been matched by tanker flows, with…
Read More »Commodity FX: Growth constraints cap carry – BNY
BNY’s Geoff Yu notes that a less hawkish Fed has weakened the Dollar but failed to spark a sustained bid in commodity FX such as Norwegian Krone (NOK), Australian Dollar…
Read More »European stocks close lower as traders head for the exits
As London/European traders head for the exits, the major European equity indices are closing mostly lower. There were no new record closes today, with France’s CAC 40 leading the declines….
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