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Yen set to stop bleeding regardless of Japan’s will
2023-06-30The 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.
U.S. natural gas eyes $3 on rising temperatures
2023-06-27U.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.
This bull market is still hated
2023-06-26According 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.
Oil prices are in turmoil amid market noise
2023-06-19Oil 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.
Japan stocks FOMO is luring investors back
2023-06-15Japan’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.
The Swiss franc trounces its rival in a volatile year
2023-06-14The 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.
FX intervention last straw for beleaguered yen
2023-06-07Asset 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.
Sterling outpaces euro uncomfortably as Brexit backfires
2023-06-02Sterling 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.
Turkish lira sinks to record low after Erdogan victory
2023-05-29The Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power.
Improving economic outlook clouds the Fed’s path
2023-05-19The Fed signaled that it could pause rate hikes after May’s meeting, so investors become convinced that the dollar is near its tipping point and the Fed will cut rates by the end of this year.
Lira traders brace for more volatility on runoff election
2023-05-15Erdoğan faced his toughest campaign since 2002 as the vote could go to a second round for the first time since Turkey switched to an executive presidency in 2017.
Sterling bears surrender as U.K. economy defies doomsayers
2023-05-10GBP/USD was trading at 1.2618 on Tuesday, close to the 1.2688 it hit on Monday, its highest level since April 2022. EUR/GBP fell to 0.8698, the lowest level since mid-December.
The Fed’s thorough rethink on rate hike? Don’t bet on it.
2023-05-10SVB failure is still reverberate across global markets as a big wake-up call for policymakers that have been taking a hard line on inflation.
S&P 500 knocked down below 4,000 by Powell’s warning of bigger interest rate hikes
2023-05-10Federal Reserve Chair Jerome Powell dropped another bomb in his testimony to Congress on Tuesday, suggesting more hikes than previously anticipated might be needed to combat inflation.
