Japanese Yen
Bank of America Merrill Lynch Technical FX Strategy Research notes that the uptrend in EUR/JPY continues to stumble when attempting to make a weekly close through the 200wk SMA. "It has come close on multiple occasions and failed, and so a tactical top may be forming. The uptrend has not corrected...
US Dollar
Risk off trade a major theme Gold eased off but not no major sell off Dollar Index moving higher on Dudley's comment Oil price struggles due to lack of demand The US futures show that markets would extend their gains and investors would also continue to reward the equity...
Oil Commodity
A perceived drop in North Korea threats and some weak data from China and Europe was all the excuse that stale crude oil and gold longs needed to head for the exit door. Crude Oil Crude oil prices tumbled overnight with both Brent and WTI spot falling some 2.60 % to...
US Dollar Currency
During European trading hours, the dollar managed to reverse partially from losses made on Friday, after comments by two US civil officials and the South Korean president on Monday eased war tensions between the US and North Korea. Meanwhile, the euro weakened as data out of the eurozone showed that industrial output in the...
UK
After the uncertainty of the last few days the tension does appear to have come down a notch or two, helped in some part by more clarity after the US said they weren’t looking to a policy on regime change in North Korea, while China also surprisingly agreed to...
Japan
Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. Gross domestic product expanded an annualized 4.0 percent in April-June, government data showed, more...
Euro Currency
Forex markets have had a muted reaction to the released economic data during the Asian session. The yen weakened against the greenback despite an upbeat string of figures out of Japan and still ongoing tensions between the US and North Korea. The aussie softened only modestly against its US...
US Dollar Japanese Yen
Japan Overwhelms While China Underwhelms Global Arena Looks At Trump Temper Bearish Bets At A Record Level Since 2013 No Hope For Sterling Bounce Oil Lower After OPEC Supply Spikes Japan Overwhelms While China Underwhelms  Investors in Europe are tracking the gains over in Asia and they are more optimistic...
Euro Dollar Currency
The Euro Dollar initially started the week under pressure as the U.S. JOLTS Job Openings came in above expectations but this sentiment quickly turned around in the face of increased risk from the North Korean crisis. Subsequently, the pair managed to find some support, as capital sought a safe...
London Stock Exchange FTSE
The Nikkei 225 is trading lower today even though Japan posted strong growth numbers. In the second-quarter the country grew by 4% on an annualised basis, and traders were expecting a growth rate of 2.5%. In China, July retail sales and industrial production on a year-on-year basis rose by 10.4% and 6.4% respectively. Both reports undershot analysts’...