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The Dollar was mostly firmer in N.Y. on Wednesday, with severe risk off conditions helping the USD and JPY. Wall Street melted down as the 2-10 year Treasury curve inverted for the first time since 2006, indicating heightened risk for a recession at some point in 2020. Read more
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. Read more
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. Read more
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. Read more
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. Read more
The Yen rallied during the London morning session, recouping a portion of the losses seen yesterday after President Trump's partial de-escalation of his trade war with China. Data showing the slowest rise in Chinese industrial production in 17 years, along with a -0.1% q/q print in German Q2 GDP, spooked markets anew, sparking a sharp downward turn across European equity bourses and in S&P 500 futures. Read more
Consolidation has been ensuing so far today among the main currencies, which follows the bout of risk-off-reversal positioning during yesterday's London afternoon session after President Trump announced a delay in new tariffs on Chinese goods imports. Read more
The Dollar firmed up early in the session, supported by a warmer than expected U.S. CPI report. Wall Street and Treasury yields started lower however, with the 30-year bond printing all-time low yields of 2.095%. The Dollar, equities, and yields were subsequently jolted higher by news that the U.S. Read more
OVERVIEW Gold jumped 0.5% to its highest level since April 2013 over global tensions. USD/CAD is directionless and is keeping an eye on the oil futures market. Read more
Currency markets have been in a somewhat directionally non-committal mood, with even a backdrop of sputtering global stock markets only managing to elicit modest safe-haven positioning. USD-JPY ebbed to within a pip of the seven-month low seen yesterday at 105.05. Read more
