Pippo

The Japanese yen found itself at the top of the daily leaderboard thanks to calls for BOJ tightening and a big return in broad negative risk sentiment. 

Market correlations fell in & out of sync & broad risk vibes were soured as traders juggled several major market narratives, including fears of a slowdown in China.

The major assets were ready to extend themes from the previous day when the U.S. GDP release shook up overall price action.

The U.S. economy grew much faster than analysts estimated in Q2 2024. So why did the U.S. dollar barely react to the news?

The Australian dollar takes a hit as traders unwind yen carry trades, sending AUD/JPY to new lows. Is the worst over, or is another leg down looming?

The Fed’s preferred inflation measure is up for release! What are the markets expecting and how can it affect the U.S. dollar’s price action?

The Japanese yen was the king of pips in the forex market once again, as it chalked up its third consecutive day strongly in the green. In contrast, U.S. equities suffered steep losses due to a broad tech selloff.

As expected, the Bank of Canada (BOC) lowered borrowing costs by 0.25% while also announcing slight negative revisions to its growth forecasts. How did CAD react?

GBP/USD’s bull run is showing signs of fatigue. Is is just taking a breather?

The U.S. dollar staged a steady climb against majority of its forex rivals, but the Japanese yen was a clear exception. What’s up with that?!