Wall Street bearish on super peso
The Mexico peso has been up over 11% against the U.S. dollar year to date, making it the one of the best performing emerging currencies. That compared with the Indian rupee which was barely unchanged in the same period.
2023-08-04
Oil prices steady despite signs of a near-term correction
Oil prices barely change on Tuesday around a three-month high on signs of tightening global supply after OPEC+ production cuts and improved demand outlook.
2023-08-02
Yen bears cautious despite slowing inflation and BOJ’s dovishness
Sources have told Reuters on Friday that the BOJ is leaning toward keeping its yield control policy steady this week, though there is no consensus within the bank.
2023-07-25
Weak dollar fails to reinvigorate lira
The speed of the dollar’s recent decline took some by surprise. Signs of cooling labour market and prices growth has bolstered expectations that the Fed is close to win the war against inflation without sparking a recession.
2023-07-20
Yen breaks above 140 on shrinking bullish dollar bets
The yen climbs its strongest in a month though predictions that the currency was poised for a 10% rally as Japan reassessed its ultra-dovish monetary policy have yet to pan out.
2023-07-13
‘British disease’ chips away at sterling strengthens
The U.K. has become the only country among the G7 wealthy nations where inflation is still rising, according to data from the OECD.U.K. consumer prices across all items rose to 7.9% in May when compared to the previous year, the OECD said, up slightly from 7.8% in April.
2023-07-07
Saudi’s new attempt to lift crude prices barely impresses
Saudi Arabia said it would extend its oil-export cut of 1 million bpd for another month while Russia said it would make a voluntary supply cut of an additional 500,000 bpd next month.
2023-07-05
Yen set to stop bleeding regardless of Japan’s will
The dollar rose to a seven-month high against the yen this week. Kazuo Ueda suggested it is possible to start normalizing monetary policy if the BOJ becomes confident inflation will pick up next year.
2023-06-30
U.S. natural gas eyes $3 on rising temperatures
U.S. natural gas futures climbed to their highest level in more than three months on Monday, with demand for LNG exports rising and soaring temperatures expected to boost cooling demand, especially in Texas.
2023-06-27
This bull market is still hated
According to data from S3 Partners, the amount spent by short sellers against US stocks hit $1.02 trillion, as of Friday. Those bets came even as the continued to rally earlier this month, costing short sellers $101 billion.
2023-06-26
Oil prices are in turmoil amid market noise
Oil traders were on a bumpy road last week. Prices hit over one-month low on Monday after Goldman Sachs cut oil price forecasts from $95 to $86 for Brent and from $89 to $81 for WTI.
2023-06-19
Japan stocks FOMO is luring investors back
Japan’s Nikkei 225 Stock Average has doubled since its pandemic low as investors continue to rush into one of this year’s biggest stock rallies.
2023-06-15
The Swiss franc trounces its rival in a volatile year
The yen has sunk to historic lows against the Swiss franc last month as Japan’s chronic trade deficits diminish its currency’s safe-haven status.
2023-06-14
FX intervention last straw for beleaguered yen
Asset managers joined hedge funds in increasing yen-bearish positions amid speculation the BOJ isn’t likely to rush to adjust its ultra-easy monetary policy.
2023-06-07
Sterling outpaces euro uncomfortably as Brexit backfires
Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets.The euro is down around 1.5% against the pound in May, which would be the biggest monthly decline since October.
2023-06-02
