Market Overview

Japanese yen charges higher on rate hike speculationDollar turns to US employment report - downside risks? Stock markets climb as Google (NASDAQ:GOOGL) rekindles AI euphoriaYen takes the elevator up...

The Fed last raised rates in July and we think that marked the peak. There is growing evidence that tight monetary policy and restrictive credit conditions are having the desired effect on depressing...

Yesterday was finally the day that most FX traders have been waiting for since at least a year: the day where the Bank of Japan (BoJ) gave a hint that it will finally exit its negative interest rate...

Late last year, I was asked on a podcast what one fear I had for 2023 that was out-of-consensus and not expected by markets, but a non-zero probability which if it came to pass would have a huge...

Key PointsNFP expectations are for 185K net new jobs, 0.3% m/m wage growth, and unemployment to hold steady at 3.9% Leading indicators point to a roughly as-expected reading from NFP. The US dollar...

Some say that war never changes, and in some aspects, that’s true. But markets’ reactions to war are also remarkably similar.What I’m going to start today’s analysis with is...

US crude oil plummeted 4% yesterday and sank below the $70pb mark and Brent slipped below $75pb. Momentum traders and falling volumes worsened crude’s recent plunge while OPEC’s latest...

Stocks finished lower as risk-off seemed to be a theme yesterday, with oil prices slumping below $70. Oil has been a harbinger of all things these days, and the best thing that can happen with oil, at...

Stop me if you've heard this one before. Pullbacks in the markets end quickly when some Fed official, or better yet, a couple of FOMC members say something "dovish." You know, something like, "We see...

Emini daily chart The S&P 500 Futures are forming a tight trading range at the September 1st high. Traders want to see a test of the moving average, around 4,515. Because traders expect a...

The US was supposed to be in recession by now, according to numerous forecasts from early in 2023. But the bearish forecasts have fallen flat as output has remained positive. GDP surged in the third...

US job openings fall to lowest in more than 2-1/2 yearsTreasury yields slide, but dollar extends recoverySchnabel points to end of ECB’s tightening crusadeGold becomes attractive again after...

Gold Attempts to Rebound After Declining for Two DaysOn Tuesday, the gold (XAU) price declined by 0.51% and stabilised around the 2,020 mark following the release of mixed U.S. macroeconomic...

After hiking rates by 5.25% since March 2022, the Fed is in a wait-and-see period, commonly deemed a pause. Since the Fed started hiking rates, inflation has declined meaningfully but remains...