Market Overview

Dollar/yen rebounds after US GDP data Core PCE the next test for Fed rate cut bets Yen rally losing steam ahead of BoJ next week Wall Street extends slide, more earnings awaited GDP Data Adds Fuel...

Strong US Data And Profit-Taking Fuel Gold Sell-Off The gold (XAU) price plunged by 1.38% on Thursday as the US Dollar Index (DXY) recovered swiftly from the 104.000 level due to better-than-expected...

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...

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...

Underwhelming results from Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) painted the equity markets in the red yesterday. The S&P 500 experienced its worst selloff since December 2022 with a...

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...

It’s a human shortcoming to favor simple explanations for the business cycle. The notion that reliability and timeliness can be forged in one indicator endures, but recent history has hammered this...

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...