Market Overview

The U.S. Postal Service saw a downshift in change-of-address requests as labor markets shift and households are less likely to move and that’s impacting residential real estate. June existing home...

We went from ‘the Federal Reserve (Fed) could hardly cut in September’ to ‘it would be a mistake not to cut in July or September’ (source: Mohammad El Erian’s LinkedIn feed) in the blink of an eye....

The decline in Gold prices is attributed to technical selling pressure, profit-taking, and a strong US GDP print. The bull run in Gold may not be over due to anticipated Central Bank demand,...

As we shared in a recent Daily Commentary about interest rates: The current unemployment rate is 4%, and the core PCE inflation rate is 2.6%. In December 2019, the unemployment rate was 3.6%, and...

Fed expectations and US election affect sentiment Euro remains on the back foot against the dollar PBoC announces a surprise rate cut Gold suffers, aussie and kiwi losses pile up Stocks’ Weakness...

Yesterday was a rough day for risk assets all around. We are currently witnessing the unwinding of the global carry trade in the Japanese yen. This development has significantly impacted volatility...

The US dollar continued to weaken against the Japanese yen and Swiss franc this morning, but it has gained against other major currencies. The euro, in particular the EUR/JPY pair, has been hit hard...

The dollar's gains have been extended today, but in the risk-off mode, and unwinding of carry positions, the Japanese yen and Swiss franc are firmer. The dollar has stabilized in late European...

The dollar keeps marching north, PMIs on tap Yen extends rally as traders unwind carry trades Aussi and Kiwi slide on China concerns, loonie awaits BoC Stocks trade in the red, tech earnings in the...

Gold Rises as US Treasury Yields Decline The gold (XAU) price rose on Tuesday, breaking a four-day losing streak as US Treasury yields declined. XAU/USD recovered yesterday, bolstered by a decline in...

Existing single-family home sales for June, released Tuesday, were nothing short of a disaster. Sales fell 5.4% MoM and 4.3% YoY to a 3.5mm SAAR (seasonally adjusted annualized rate). This is the...

Stocks finished the day lower, but the FX market had a lot more action, especially in the Japanese yen, which moved sharply against the Australian dollar, the US dollar, the euro, the Canadian...

The first view on Big Tech earnings wasn’t inspiring. Tesla (NASDAQ:TSLA)'s earnings missed estimates for the 4th consecutive quarter as revenue from car sales declined 7%. The company’s energy...

According to a report from Bloomberg, the former president’s dollar policy marks a departure from the traditional strong dollar stance of past administrations, potentially creating a more favorable...