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Markets Global core bonds gained some ground going into today’s main dish, US retail sales. UK gilts slightly outperformed Bunds and Treasuries as markets gear for tomorrow’s June CPI numbers. A further easing on all accounts is expected but the sub 2% drop in the headline reading, if it were to materialize, will probably grab […]

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U.S. Headline Retail Sales Flat in June, But Core Accelerated

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Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive US Retail Sales Data

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08/12/2023

USD/JPY Tumbles, Upsides Could Be Capped

Key Highlights USD/JPY started a major decline below the 146.20 support. A major bearish trend line is forming with resistance near 146.20 on the 4-hour chart. EUR/USD is consolidating near the 1.0765 support zone. The US nonfarm payrolls could increase from 150K to 180K in Nov 2023. USD/JPY Technical Analysis The US Dollar started a […]
27/03/2024

Further Yen Losses Avoided as Fin Min Suzuki Warned

Markets Quite a long series of US data (including consumer confidence, house price data, durable goods orders and regional business sentiment) yesterday failed to provide any clear directional guidance for US and broader markets trading. US and German yields lost 1-2 bps across the curve. This low volatility environment initially supported a further upward drift […]
19/03/2024

Aussie Slides After RBA’s Pause

The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6507, down 0.80%. The Aussie is on a nasty slide and has declined by 1.7% since March 13. RBA removes tightening bias The Reserve Bank of Australia maintained the cash rate at 4.35% for a fourth straight time at […]