Is The Dramatic Yen Short Squeeze Over?

Yen's Surge Continues, While PBOC Surprises With Another Rate Cut, And U.S. 2-30 Year Yield Curve Ends Inversion

Yen's Surge Continues, While PBOC Surprises With Another Rate Cut, And U.S. 2-30 Year Yield Curve Ends Inversion. The powerful short-covering rally of the yen and unwinding of carry trades continues. For the second time this week, the PBOC has surprised by cutting interest rates. The US 2-10-year yield curve is the least inverted in two years.

Greenback And Yen Extend Gains

Short Covering Squeezes The Yen Higher

Dollar Mixed As Markets Digest U.S. Political Developments

Weekly Report: what happened at DVYA last week (0715-0719)?

Global Consumer Spending Shows Resilience In Second Quarter

Global Economic Outlook: July 2024

Dollar Consolidates To Start The New Week

Weekly Report: what happened at DVYA last week (0708-0712)?

The Week Ahead - ECB Spotlight As Fed Rate Speculations Drive Market Shifts

US inflation data lower than expected caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The Russell 2000 surged 3.6%, marking its best day in 2024. The highlight of the week was the release of lower-than-expected US inflation data on Thursday. The week ahead brings the European Central Bank and UK inflation data.

Today's Battle: Soft U.S. CPI Vs Stretched Momentum Indicators And Two Fed Cuts Discounted

Focus today is on the US CPI report. The dollar is trading with a softer bias against most of the G10 currencies. The euro briefly traded above $1.0850 for the first time in almost a month. Europe's Stoxx 600 is extending yesterday's 0.9% gain and is now higher for the week.

Narrow Ranges For The Dollar Prevail Ahead Of Tomorrow's U.S. CPI

Quiet Summer Tuesday With Powell's Testimony And A Deluge Of U.S. Supply On Tap

U.S. Dollar consolidating in narrow ranges against the G10 currencies. Asia Pacific equities rallied but for Hong Kong, led by 1% gains by Japan and China. The US Treasury is selling nearly $175 bln in securities today. The Fed Chair Powell's testimony will be the highlight of the day.

Euro Is Little Changed, While The Yen Is Softer To Start The New Week

Euro Is Little Changed, While The Yen Is Softer To Start The New Week. The dollar is narrowly mixed against the G10 and emerging market currencies today. The euro is little changed, holding on to last week's gains, after the surprising French election results. The large equity markets in the Asia Pacific region began the week on a soft note.

Weekly Report: what happened at DVYA last week (0701-0705)?

Top 5 Takeaways From June's Global Survey Data As Manufacturing Price Inflation Accelerates

No Turn Around Tuesday As Greenback Remains Firm

US economic calendar features the JOLTS report on job openings and auto sales. The sharp jump in US long-term interest rates has helped lift the greenback in recent sessions. Equity markets are mostly lower today, though Japan's Topix made new highs and the Nikkei reached its best level in three months. The dollar remains firm against most of the G10 currencies.

Sigh Of Relief Lifts French Markets, Euro Jumps To Highest Level Since Mid-June

Weekly Report: what happened at DVYA last week (0624-0628)?