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A Painful But Necessary Step
It was never a question of if, but when stocks would finally relent to the realities of Fed normalization. While it’s true the initiation of the normalization process only seemed to fuel additional demand for record high stocks, these moves were more a function of an attempt to get it all in before the party […]
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Heading for the Exit Doors
Into Thursday, all of the attention is on global sentiment and this latest collapse in the US equity market. All of this is coming from worry over the impact of rising US yields on the global economy. US CPI is the highlight release on today’s calendar. Audio update Technical highlights EURUSD Very bullish back above […]
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Daily FX Market Commentary
Good morning, Â LMAX Close USDJPY 112.266 | EURUSD 1.15199 | AUDUSD 0.70541 | NZDUSD 0.64709 | USDCAD 1.30676 | USDCHF 0.9902 | GBPUSD 1.31927 | Â LMAX Highs and Lows 5.00am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.15725 | 1.15281 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 112.312 | 111.97 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.32447 | 1.31989 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 0.98953 | 0.98571 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.70796 […]