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Catalysts remain thin but we are seeing some strength creep in the for JPY during the early Asia-Pac session so far.I would doubt whether the hotter-than-expected retail sales data is to blame because the JPY very seldom takes this data series seriously.Maybe some...

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,...

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,...

Looking across US equity sectors we only had two sectors in the green, that being Consumer Discretionary (+1.45%) and Communication Services (+0.01%) which was basically flat.The rest of the sectors were pressured with energy (-0.98%) and financials (-0.63%) taking...

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,...

It's been a good day for the AUD and the USD, less than optimal day for the JPY and NZD.The AUD was supported after a hotter-than-expected CPI print and markets seeing about a 60% change of a hike at the September meeting and 74% odds of a hike by November.The USD's...

The big 7 kept up pretty well when compared to the price action we saw in the USD and yields.Big 7 performance NY closeTesla was the best performer (still down more than 20% YTD though), while Google treaded water to finish close to flat.Amazon finished up 3.9%, with...

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,...

USDJPY getting close to 161 after taking out the previous intervention highs close to 161.20. Mostly likely quite a decent amount of stops triggered as we broke to new highs helping the pair higher.With treading on fresh ground it means intervention watch is in...

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,...

Markets:Gold down $21 to $2298WTI crude oil down 19-cents to $80.64US 10-year yields up 8.2 bps to 4.32%S&P 500 up 0.2%AUD leads, JPY lagsIt was a lively day in the FX market with the US dollar leading the way. The Australian and Canadian inflation reports this...

SPX dailyUS equities slumped early in the day but battled back late in the day on strong bids in Nvidia late to turn a 2% decline into a small gain. Amazon led the way all day as it climbed 4% in a breakout to a record high.Closing changes:S&P 500 +0.2%Nasdaq Comp...

Cable has sagged to a session low, down 69 pips to 1.2617. That's the lowest since May 14 but roughly in the middle of the 2024 range.What's most-worrisome is the three-day reversal on the chart, which is a textbook reversal pattern.GBPUSD dailyA finish today below...

Pierre AndurandFamed oil trader Pierre Andurand is out of the oil market, at least for now. His main fund lost around 50% last year on bad bets on crude and he's soured on the sector and now has a 'mixed' outlook. “We will reengage in the oil markets once we obtain...

Jensen HuangShares of Nvidia are down 2.1% today after trading higher earlier. It's been volatile in the past week after rising to briefly become the world's most-valuable company.Nvidia Chief Executive Jensen Huang spoke at the company's annual meeting today and one...

EUR/CHF dailyCredit Agricole's latest G10 FX PIX 2.0 model indicates significant shifts in currency positioning. The EUR is now deemed oversold, while the CHF has turned overbought. These findings are based on recent IMM flow data and overall market sentiment.Key...

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,...

Japanese chief currency diplomat Kanda dropped all the warnings just before Tokyo went to bed but there was no intervention. It's now nearly 1 am in Tokyo and the market is sensing that it's safe for a least a few hours. I imagine there's some element of...