Betting markets now say the Republicans are favored, what do financial markets say

The big shift in betting odds in Polymarket has people intrigued about what is happening under the surface that has some people more-confident that Trump will win the Presidency. He's at 61% now and that's spawned all kinds of conspiracy…

What is the bond market trying to tell us

It's tough to gauge exactly what the bond market is saying but US 10-year yields have risen 9 bps today and are trading at 4.10% from a low of 3.60% a month ago.A portion of that -- for sure -- is pricing out a recession. A month ago, non-farm…

USDJPY extends to new highs. Buyers make a play and look toward key daily MA targets

The USDJPY is extending above the high from earlier this week at 149.974 for the 2nd time today, but is finding more upside momentum on this break.. The price just reached 150.29. The price of the USDJPY has traders now focused on other…

NZDUSD buyers try to make a play. What needs to happen to give them an edge in the ST.

The NZDUSD has been consolidating over the last week or so of trading with the 61.8% of the move up from the August low. That level comes in at 0.60509. Last week, the price held that level, bounced, and then broke below the level but quickly…

Some main Chinese language banks are to decrease deposit charges from Friday - report

The thought of decreasing deposit charges is that it pushes savers into different devices like shares. I might anticipate some to gravitate in direction of gold however these are marginal strikes at finest and positively not the kinds of…

US August business inventories 0.3% vs 0.3% expected

Prior month business inventories 0.4%Prior month retail inventories ex auto 0.5%Business inventories for August 0.3% versus 0.3% expectedRetail inventories ex autos 0.5% versus 0.5% last monthSales: The combined value of distributive trade…

Kickstart the FX trading day for Oct 17 w/ a technical look at the EURUSD, USDJPY & GBPUSD

The ECB cut rates by 25 basis points as expected. The US data dump at 8:30 AM ET was stronger than expected with retail sales, Philadelphia Fed manufacturing, and initial jobless claims all better than expected.In this video take a look at…

ECB cuts key rates by 25 bps in October monetary policy decision, as expected

Prior decisionDeposit facility rate 3.25% vs 3.25% expectedPrior 3.50%Main refinancing rate 3.40% vs 3.40% expectedPrior 3.65%Marginal lending facility 3.65%Prior 3.90%Incoming information shows that the disinflationary process is well on…

AUDUSD Technical Analysis – Breakout or fakeout?

Fundamental OverviewThe US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia.Stanley Druckenmiller said in an interview yesterday that…

USDCAD Technical Analysis – Testing a key resistance

Fundamental OverviewThe US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia.Stanley Druckenmiller said in an interview yesterday that…