FXC

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.

Bank Of Canada Is Not Afraid Of Diverging From The Fed

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