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We discussed the prospect of a low on the Japanese Yen currency several weeks ago. You can see the original chart below. The Japanese Yen did rally off important price support and many assets...
I expect volatility to increase this week, particularly with VIX options expiring on Wednesday. The current VIX option positions suggest that the VIX may remain around the 15 level, which means the...
The round trip in stocks so far this month was perhaps best described by my friend Peter. As measured by the VIX Index, we just witnessed the most extreme stock market swing on record. To some...
The week starts on a mixed note in Asia, after major US indices recorded their best week since last October and boosted appetite in global risk markets. A softer-than-expected CPI read in the US...
In the upcoming week, major currency pairs like GBP/USD, EUR/USD, and USD/JPY could experience significant dollar-driven moves despite a lighter economic calendar. With rising US unemployment and...
Stocks kept rising because retail sales and jobless claims data were better than expected. This is the second week in a row that stocks have jumped after a good jobless claims report. I’m not sure if...
USD/JPY Key Points From the biggest rise in retail sales since April 2022 to a much-needed decline in initial jobless claims, traders are now more reassured that the US economy is not tipping into...
The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 149.02, up 1.1% on the day. Japan’s economy jumped 3.1% y/y in the second quarter, an impressive...
Microsoft's shares sold off hard through the end of July and the start of August. The stock’s RSI fell to its lowest level in nine years, showing how oversold it was. Shares are recovering; we...
Stocks were mostly flat to slightly up yesterday, with the S&P 500 getting a boost in the last 10 minutes due to a big closing imbalance. Other than that, it was a pretty quiet day. The CPI...
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