USD/JPY Bulls Continue to Push as Markets ‘Bet Against the House’
USD/JPY is now up by more than 500 pips from the low taken the day that Scott Bessent taunted markets, saying ‘you can bet against me if you want.’
James Stanley
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Bitcoin Takes Shine from Gold Even as Pullback Begins
Bitcoin put in a massive rally over the past month and even as gold has remained in pullback, BTC/USD has continued to jump to fresh multi-month highs.
S&P 500 Bull Flag Breakout as Long-Term Yields Ease
The fear on the long end of the Treasury curve has taken a step back even as two-year notes saw a massive jump in yield last week. But looking at stocks rallies appear set for resumption with the bull flag in the S&P 500 giving way to an early-week breakout.
Stocks Rally After the Rate Hike but is a Lagging Nasdaq Saying Something?
The response to the rate hike was a strong Thursday outing but ever since Kevin Warsh took over atop the Fed there’s been a shift in equity markets.
USD Price Action Setups: USD/JPY, EUR/USD
The USD closed red last week despite a seemingly bullish backdrop but it made up for it this week, driven by a strong breakout in USD/JPY.
USD/JPY 155.00 Bounce into the BoJ
A hike is widely expected tonight but like the Fed yesterday, the bigger question is what else might be in store.
USD Trades at Seven-Week High After FOMC
The USD broke out after the rate hike announcement but perhaps the bigger question to USD trends is what the Bank of Japan does later tonight.
Nasdaq and S&P 500 into the Fed
It’s a delicate balancing act for Kevin Warsh at today’s FOMC meeting where the bank is highly expected to raise rates for the first time in three years. The Nasdaq 100, meanwhile, hasn’t set a fresh high since the day before his first press conference.
USD/JPY: Has Buy the Dip Turned into Sell the Rip?
Both the US and Japan have rate decisions this week and both are expected to hike rates. But perhaps the bigger question is one of positioning and whether USD/JPY longs will pare back exposure.
Top 5 Charts for This Week: Yields, Oil and USD/JPY
It’s a big week ahead with a widely expected FOMC rate hike followed by a Bank of Japan rate decision. But perhaps more pressing are moves showing in US Treasuries and Oil and what that might entail for the macro landscape.
USD/JPY Bounces Ahead of CPI After Bessent Warns of Betting Against the House
Fundamentals continue to favor the long side of USD/JPY but policymakers on both sides of the pair have taken a firm hand towards reversing that bullish trend.
Bitcoin Fares a Better Than Gold During Anti-Fiat Pullback
Bitcoin broke out later but has held up better since the Kevin Warsh speech at Jackson Hole and even a strong NFP report couldn’t dent the bullish trend.
Gold Smashed 3.2% as Warsh Strikes a Hawkish Refrain
The true test of trend is what happens after a counter-trend jolt, and that’s where gold as into next week as the overbought trend has just moderated with the largest daily sell-off in two months.