S&P and NASDAQ close at record highs for the seventh straight day
NASDAQ up for the 10th consecutive trading day The final numbers are showing: For the trading week, the The JPY is ending the day as the strongest of the majors…
Read More »Bumper US earnings not lifting Asian markets
Overnight Headlines *US stocks post another record high on earnings optimism *USD edges higher, best gains versus EUR and JPY *Australia core inflation accelerates back inside RBA target *Alphabet and…
Read More »Markets cautious ahead of a busy week
Overnight Headlines *US stocks closed mostly lower Friday, weighed by Powell comments *USD turned modestly weaker against its peers, except versus GBP *Oil settled higher for a seventh consecutive week…
Read More »Market Update -October 22 – USD Consolidates, Evergrande Reprieve, & Stocks at new highs
USD (USDIndex 93.70) rallies a whole number and more from 93.47), Claims at new pandemic low, Housing data and Earnings were strong. Overnight – AUD & JPY PMI data better…
Read More »Japanese Yen, US Dollar Gain Amid Inflation Woes. Will USD/JPY, AUD/JPY Reverse?
The Japanese Yen and US Dollar gained as inflation woes dampened risk appetite. Soft Snap Inc. and Intel earnings weakened the Nasdaq 100. Are USD/JPY and AUD/JPY reversing?
Read More »Stocks slip, the Vix sinks, yen jumps higher
Overnight Headlines *US stocks rallied for a sixth day just shy of all-time highs *USD dipped further, particularly against commodity currencies *Vix drops again near to year lows *US 10-year…
Read More »USD/JPY rallies to three-year highs above 114.00 amid risk-on market sentiment
The USD/JPY extends its one-and-a-half month rally, advances 0.47% during the New York session, trading at 114.21 at the time of writing. As portrayed
Read More »Risk mood on the up, yen suffering
Overnight Headlines *US stocks jumped as better-than-expected outlooks kicked off earnings *USD ended lower against most G10 peers *Gold is holding recent gains around $1800 resistance *Oil continues higher, nears…
Read More »Energy and bond yields continue higher as new week begins
Overnight Headlines *US stocks fell after September NFP missed estimates *USD slipped against most of its G10 peers, DXY still above 94 *WTI oil topped $80 for the first time…
Read More »Market Update – October 8 – Yields Drive Higher Pushing USD & Stocks too
USD (USDIndex 94.30) holds at highs, Stocks & Oil move higher testing key technicals – Yields the driver (5yr at 1.0416% – Feb 2020 high) US debt ceiling extended by…
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