Rumours of changes to the GPIF’s portfolio structure, currency interventions and monetary tightening by the BoJ are bolstering the yen. Falling Treasury yields and a weakening dollar are lending a helping hand to the ‘bears’ on USDJPY. The US dollar was forced to retreat against a backdrop of falling Treasury yields and the probability of […]
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GBP/USD attempted to rebound from a two-week low of approximately 1.3485 on Thursday. Investors are moving away from riskier assets amid concerns about the economic impact of an energy shock triggered by a fresh escalation Read more…
Silver has rebounded from 63.27 as the macro pressures behind its selloff simply stopped worsening, not reversed — leaving the 62.54–62.92 support cluster as the line that decides whether this is the start of the Read more…
Eurozone producer prices accelerated sharply in July, with PPI swinging from -0.3% to +1.6% m/m, above 1.2% consensus. Annual producer inflation also rose from 4.6% to 5.8% y/y. Energy accounted for most of monthly jump, Read more…