EEMA

Is The Dramatic Yen Short Squeeze Over?

Asia Ex-Japana And European Markets Advance; Gold Gains - Global Markets Today While US Slept

U.S. Stock markets closed mixed on Thursday, with the S&P 500 and Nasdaq Composite falling. Dow Jones Industrial Average rose on stronger-than-expected GDP data. Japan's Nikkei 225 closed lower by 0.64% on Friday. The economy grew by 2.8% in Q2, beating estimates of 2%.

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.

Global Markets Slump Following S&P500's Decline; Crude Oil And Gold Loose 2% - Global Markets Today While US Slept

The U.S. Stock markets closed lower on Wednesday, July 24th. The S&P 500 and Nasdaq hit multi-week lows as disappointing Alphabet and Tesla earnings shook investor confidence in megacap stocks. This led to the S-P 500's largest daily drop since December 2022 and the Nasdaq's since October 2022.

Greenback And Yen Extend Gains

Asia And Europe Markets Decline, Crude Oil At Six-Week Low - Global Markets Today While US Slept

U.S. Stock markets closed in the red on Tuesday, July 23rd. The energy index was the worst performer as crude prices hit a six-week low. Japan's Nikkei 225 closed lower by 1.27% in Asian markets. On Wednesday, investors focused on earnings from Alphabet and Tesla after both reported positive Q2 revenue.

Short Covering Squeezes The Yen Higher

Asia Markets Mixed, Europe Advances; Dollar And Gold Gain - Global Markets Today While US Slept

U.S. Stock markets closed in green on Monday, July 22nd. S&P 500 and Nasdaq Composite rebounded from their worst weekly performance since April. The Dow Jones Industrial Average ended a two-session decline. Japan's Nikkei 225 closed higher as investors returned to growth stocks.