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Markets:Gold down $3 to $1888US 10-year yields up 2.4 bps to 4.28%, touches 4.33%WTI crude oil up 67-cents to $80.05S&P 500 down 34 pointsJPY leads, AUD lagsTwo things are driving market sentiment right now: 1) Rising bond yields 2) China economic worries. Those...

Japan CPI data is on the economic data agenda for the session here in Asia. The July data for Tokyo showed very solid inflation indeed. The 'core-core', which is the closest to the US measure of core inflation hit 4%. The inflation data for Tokyo is viewed as a...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Major US stock indices, are on a 3-day skid with the Nasdaq leading the way with a loss of nearly -1.15% for the 3rd consecutive day. The index is down -2.40% for the week and on pace to close lower for the 3rd consecutive week. The S&P index is also on pace for...

Starting on September 1, interest will once again begin to accrue on the $1.78 trillion in US student loans outstanding. Starting in October, payments will begin again.Bernstein is out with a good analysis of the numbers and highlights that about 17% of US adults hold...

The S&P 500 closed at the lows in each of the past three days with selling picking up late int he day in each case. The selling has started a bit earlier today and it's spilled over into USD/JPY as the pain is enough to drag yields from the highs.The trigger for...

RBC provides insights on the future trajectory of USD/CAD, which has already hit their end-Q3 forecast of 1.35. Here are the main takeaways:Short-Term Uncertainty: USD/CAD's trajectory seems uncertain in the near term, likely to be influenced by developments around...

Gold has sold off steadily for two weeks and today broke through the June lows to the worst levels since March 14.Gold dailyThe gold move is a mirror image of Treasury yields as the risk-free rate for 10-years in the US nears cycle highs at 4.30% while gold continues...

30 year mortage rate at highest level in over 20 yrsUS mortgage rates hit the highest level in 20 years.The average mortgage rate increased to 7.09% as reported by Freddie Mac.A year ago the rate was around 5%.The Federal Reserve's high-rate policies have most...

The blowout in bonds is the only thing that really matters in markets right now.US yields from 5-30 years are up 6-7 basis points today and at the highs of the day. US 20-year yields are up 6.5 bps today to 4.61%, which is nearing the high of 4.67% from last...

Goldman Sachs to wrote about ODTE options, which stands for zero days to expiration. There has been a surge in trading volumes in options and trend has gone from monthlies, to weeklies, to dailies to today. It's symptomatic of market participants that are ceaselessly...

The major US stock indices are now all in negative territory as London/European traders look to exit for the day. The NASDAQ index is leading the way once again. The last 2 days has seen the NASDAQ index fall by around 1.1% on each of the trading days. The current...