EBC Daily Snapshot Sep 4, 2024

Safe-haven currencies surged Wednesday as Wall Street and Asian stocks fell sharply, leading to losses in commodity currencies.
EBC Financial Group | 729 дней спустя

EBC Financial Group
Тип: STP, ECN
Регулирование: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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The yen is advancing on three fronts

The yen is advancing on three fronts

The yen surged on three simultaneous tailwinds: BoJ rate hike expectations rising to 90% with speculation of a 50bp move, rumours of currency intervention, and an extraordinary GPIF meeting fuelling speculation of a portfolio shift toward domestic bonds. Falling Treasury yields and weak ADP data added further pressure on the dollar, pushing USDJPY sharply lower.
FxPro | 1ч 40мин назад
The US Equities Brace for Further Pressure as Short Positioning Reaches Extremes

The US Equities Brace for Further Pressure as Short Positioning Reaches Extremes

The US equities are flashing increasingly defensive signals. Small caps are leading the sell-off, with the Russell 2000 underperforming and put/call positioning turning extremely bearish. Meanwhile, net shorts in Nasdaq 100 futures have surged to multi-year highs, creating downside risk — but also the potential for a powerful short squeeze.
Headway | 18ч 39мин назад
Brent is heading towards $100 a barrel

Brent is heading towards $100 a barrel

Brent is rallying on Middle East escalation and Strait of Hormuz supply fears, pushing the dollar to two-week highs as rising oil prices fuel inflation expectations and lift the probability of a Fed rate hike in September to 68%. Strong US manufacturing PMI and hawkish FOMC comments are adding further fuel to the Treasury yield rally.
FxPro | 21ч 13мин назад
Further Middle East hostilities fuel dollar’s engines

Further Middle East hostilities fuel dollar’s engines

Dollar rallies as US-Iran strikes lift oil and bolster Fed hike bets - Yen rebounds as BoJ Gov. Ueda appears ready to raise interest rates - Kiwi falls as RBNZ hikes, but appears less hawkish than expected - Wall Street and gold tumble amid renewed inflation fears
XM Group | 23ч 37мин назад