BofA reports USD short trade conviction falls to lowest since Liberation Day

USD/CHF’s steep decline last week suggests that corrective rebound from 0.7828 has already completed at 0.8075. But as a temporary low was formed at 0.7872, initial bias is turned neutral this week first. On the downside, below 0.7872 will bring retest of 0.7828. Firm break there will resume larger down trend. However, break of 0.7984…

Stripe revealed Thursday that it will launch its business financing product, Stripe Capital, in Australia as the financial services company announced it has now surpassed one million users across Australia and New Zealand.  The news was unveiled at Stripe Tour Sydney, where the firm also highlighted its advances in artificial intelligence and stablecoin-based services. The…

Markets: Gold down $10 to $2734 US 10-year yields up 10 bps to 4.38% WTI crude oil up 20-cents to $69.46 S&P 500 up 0.4% GBP leads, CHF lags The crosscurrents in markets continued on Friday as we count down to the US election. It’s tough to separate moves based on economic data from election…

Epic Fury is still the focus and the implications are that a long war with boots on the ground will be endless and energy prices will strangle the world economy. But it probably won’t run that way. There is another government working in Iran that let 10 tankers through the Strait of Hormuz. In addition,…

The major assets saw volatility this week, as the markets priced in geopolitical updates, China stimulus optimism, and shifting central bank expectations. Source link