• Will financial markets get some relief as the week closes out?

  There’s been no let-up in global growth worries this week and risk off price action has intensified as best reflected through more weakness in US equities. The latest concerns come from discouraging US earnings, ineffective China monetary policy easing efforts, and distressing data out of the Eurozone and UK. Audio Update Technical highlights EURUSD Confined […]

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• More volatility expected in US session

  Concerns around the health and outlook for the global economy have intensified amidst softer economic data, downbeat US earnings, and ineffective accommodative central bank moves. Looking ahead, more volatility is expected as the market takes in US durable goods, GDP, and initial jobless claims. We’ll also hear from ECB President Lagarde. Wrap-Up Call

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• Global markets in distress

  Global sentiment has turned decidedly negative and risk off flow has intensified in financial markets. The Dollar and other currencies like the Franc and Yen that benefit in risk off environments have been rallying, while the rest of the currency market struggles. Audio Update Technical highlights EURUSD Confined to major range GBPUSD Sights set on […]

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• Another round of carry unwind

  It’s not a pretty picture out there right now. The US Dollar has been broadly bid, with the exception of the other two currencies that benefit from flight to safety flow – those being the Yen and Swiss Franc. Wrap-Up Call

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• Signs of elevated stress in global financial system

  We’ve been seeing signs of elevated stress in the global financial system. Commodities prices have been hit hard, particularly the growth correlated pro-cyclicals. Meanwhile, the US Dollar has been broadly bid. Audio Update Technical highlights EURUSD Confined to major range GBPUSD Sights set on 2023 high USDJPY Looking for next higher low AUDUSD Carving out […]

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• Yen outperforms on BOJ rate hike speculation

  Currency and equity markets are in disagreement on this Tuesday. For the most part, currencies are lower across the board against the Buck, suggesting a move towards a reduction in risk appetite, while US equity futures point higher, reflecting a more upbeat vibe. Wrap-Up Call

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• Commodity FX gets no help from higher US equities

  Markets were all over the place on Monday. US equities put in a decent recovery, though this did nothing to help beaten down commodity FX, with the Australian Dollar, New Zealand Dollar and Canadian Dollar all getting hammered. Audio Update Technical highlights EURUSD Rallying back to range top GBPUSD Sights set on 2023 high USDJPY […]

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• Waiting on the US market response to politics

  We haven’t seen all that much movement in markets as the new week gets going, though the bleeding has stopped at least for a moment when it comes to US equities. On the currency side, the Dollar has been under pressure against the majors, but remains well bid against the commodity currencies. Wrap-Up Call

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• Expect added volatility after Biden drops out of race

  As the week gets going, the market will be contending with the latest bout of risk off flow which saw US equities reverse sharply off record highs. The flight to safety intensified in the latter portion of the previous week and Dollar demand picked up as well. Audio Update Technical highlights EURUSD Rallying back to […]

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• Doom and gloom into the end of the week

  Investors have become more distressed into the end of the week, and this distressed sentiment has translated to some very clear risk off flow opening renewed demand for the US Dollar and downside pressure on US equities. Audio Update Technical highlights EURUSD Rallying back to range top GBPUSD Sights set on 2023 high USDJPY Looking […]

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