Market News

Cable caught a bounce this morning on positive retail sales numbers. Is the rebound sustainable or will we see further weakness ahead of a busy 2-week period of Central Bank meetings?...

The Japanese yen was steady even as price pressures in Japan re-accelerated last month on the growing view that inflation is peaking. What does this mean for USD/JPY, AUD/JPY, CAD/JPY, and MXN/JPY?...

Wall Street ended mixed overall, with further catch-up gains in value sectors as the DJIA delivered its nineth day winning streak....

Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ahead of a possible breakdown....

Gold prices gyrate lower as the U.S. dollar and bond yields rise following better-than-expected U.S. economic data ahead of next week’s key Fed decision....

The South African Rand (ZAR) fails to reclaim the R18/$ mark despite rate pause. The ZAR could be in for some short-term pain but the bigger picture appears to finally turning a corner....

The British Pound is edging lower after yesterday’s better-than-expected inflation report sent UK Gilt yields tumbling....

Better-than-expected UK core inflation data breathed life into the FTSE, placing the index well above two major levels of resistance in less than two days...

The Yen enjoyed a slight uptick in the Asian session following a trade surplus in June. Murmurs around intervention is likely to continue to keep the Yen supported with losses likely to be short lived....

​The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of selling that threatens to negate the bullish view seen earlier in the week....